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Ether Bears Are Done and That’s Fueling ETH’s Surge, Crypto Benchmark Issuer Says
coindesk.com/markets/2025/05/16/ether-bears-are-done-and-that-s-fueling-eth-price-surge-crypto-benchmark-issuer-says
Ether's ETH rally, though impressive, leaves much to be desired. That's because the unwinding of shorts is said to be fueling the rally, not fresh longs or bullish leveraged bets on the Chicago Mercantile Exchange (CME).
"The rally is primarily the result of short covering – traders…
This story appeared on coindesk.com, 2025-05-16 12:11:17.