Analyst: ETH Outperforms on Strong Treasury Holdings, Sustainability of High Inflows Questioned
BlockBeats News, September 4th, according to The Block, Presto research analyst Min Jung stated that the market's buying pressure is mainly sustained by the continuous accumulation of Digital Asset Treasury (DAT) companies, and attributed Ethereum's significant Wednesday surge to this trend.
Jung said: "ETH once again performed well, likely benefiting from the same fund inflow driven by DAT. However, we remain cautious about the sustainability of this theme and DAT companies' ability to maintain high purchase volumes."
The analyst also previously pointed out that funds are continuously rotating from Bitcoin to Ethereum, as traders believe that after Bitcoin hit historic highs in July and August, Ethereum provided more profit-taking opportunities.
Das könnte Ihnen auch gefallen
Gewinner
Neueste Krypto-Nachrichten
Arthur Hayes: Wenn Tether über illiquide Vermögenswerte verfügt, könnte jedes Missgeschick Fragen zur Übersicherung auslösen
Die aktuelle Mainstream-CEX- und DEX-Finanzierungsrate deutet auf eine schwächere bärische Marktstimmung hin.
AI News Today: Wenn KI auf Blockchain trifft, sollten Sie Chancen nicht verpassen
Ethereum Dips Below $2900
SOL Short-Term Price Sinks Under $ 130
Kundenservice:@weikecs
Geschäftliche Zusammenarbeit:@weikecs
Quant-Trading & MM:[email protected]
VIP-Services:[email protected]