$ETH The rise of Ethereum looks impressive, but it actually has a somewhat weak foundation!!!😅

It's not that institutions are increasing their positions, nor that new buyers are entering, but rather that short sellers cannot bear it and begin to cover, which "raises" the price📈

The CME spread has been low (only 6%-10%), indicating that a clear bullish sentiment has not yet emerged in the market. When observing the ETF fund flow, in one month, only 10 days had net inflow, and only once did it break the billion mark, it definitely does not seem like the beginning of a bull market💤

The conclusion is simple: this is not an assault battle driven by confidence, but rather a "reaction to a rebound" caused by a correction of positions.📉