[Block Rhythm] On September 4, it was reported that Presto research analyst Min Jung stated that the buying pressure in the market is mainly sustained by the continuous increase in holdings by digital asset treasury companies (DAT), and attributed Wednesday's significant rise in Ether to this trend.
Jung said: "ETH has performed excellently again, likely benefiting from the same capital flow driven by DAT. However, we remain cautious about the sustainability of this theme and DAT's ability to maintain high purchase volumes."
Analysts have previously pointed out that funds are continuously rotating from Bitcoin to Ether, as traders believe that after Bitcoin reached an all-time high in July and August, Ethereum offers more profit opportunities.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
9
Repost
Share
Comment
0/400
AirdropCollector
· 11h ago
It still depends on the market reaction.
View OriginalReply0
CodeAuditQueen
· 09-04 14:36
DAT is not strong enough.
View OriginalReply0
CoffeeNFTs
· 09-04 04:08
This is too optimistic, isn't it?
View OriginalReply0
LiquidatedDreams
· 09-04 04:08
Long positions are temporarily enjoyable.
View OriginalReply0
BearMarketSunriser
· 09-04 04:06
Just follow the market maker and you'll be fine.
View OriginalReply0
DAOdreamer
· 09-04 04:03
This wave of the market has some manipulation.
View OriginalReply0
AirdropHarvester
· 09-04 03:59
It just depends on how long the funds can last.
View OriginalReply0
NFTragedy
· 09-04 03:52
How long can the increase last depends on the market.
Analysts: DAT accumulation drives ETH rise, but sustainability is in question.
[Block Rhythm] On September 4, it was reported that Presto research analyst Min Jung stated that the buying pressure in the market is mainly sustained by the continuous increase in holdings by digital asset treasury companies (DAT), and attributed Wednesday's significant rise in Ether to this trend.
Jung said: "ETH has performed excellently again, likely benefiting from the same capital flow driven by DAT. However, we remain cautious about the sustainability of this theme and DAT's ability to maintain high purchase volumes."
Analysts have previously pointed out that funds are continuously rotating from Bitcoin to Ether, as traders believe that after Bitcoin reached an all-time high in July and August, Ethereum offers more profit opportunities.