CoinVoice has recently learned that David Duong, the head of research at Coinbase Institutional, stated on the X platform that ETH experienced a price increase last week primarily driven by technical factors. Analysis indicates that this increase reflects a significant number of traders in incorrect positions conducting short covering and subsequent position adjustments, causing ETH's price movement to catch up with other major tokens like BTC and SOL. However, David believes that despite this price performance, it may indicate that the market's willingness to allocate more broadly to ETH remains relatively limited. [Original link]