Analyst: Technical factors are driving ETH's recent upward trend, but enthusiasm for fund allocation remains limited

According to a report by Golden Finance, David Duong, head of research at Coinbase Institutional, posted on social media that the statement he wrote on Thursday night still applies: Last week, ETH's rise was mainly driven by technical factors, with a large number of mismatched positions, short covering, and subsequent re opening. This round of rise is actually a supplement to ETH, catching up with peers such as BTC and SOL. However, we believe that this price trend does not represent a strong market willingness to allocate ETH on a broader level, and demand remains limited