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Odaily Planet Daily news CF Benchmarks CEO Sui Chung stated that the recent price increase of Ethereum is primarily driven by short covering rather than new long capital entering the market. He pointed out that the CME Ethereum futures premium remains low, and there has been no significant capital inflow into the spot Ethereum ETF listed in the U.S., which indicates that the current rise is more due to traders closing short positions rather than active positioning by institutional investors.