According to Odile, the CEO of CF Benchmarks, the recent increase in the price of Ethereum is primarily attributed to the covering of short positions rather than new optimistic investments. He highlighted that the premium on Ethereum futures contracts at the CME remains low, and there has not been a significant influx of capital into Ethereum ETFs listed in the United States. This suggests that the current price increase is largely due to traders closing short positions rather than active positioning by institutional investors30547834632

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