Analyst: ETH Outperforms on Strong Treasury Holdings, Sustainability of High Inflows Questioned

On 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. He attributed Ethereum's significant surge on Wednesday to this trend. Jung said, "ETH performed well again, likely due to the same fund inflow driven by DAT. However, we remain cautious about the sustainability of this theme and the ability of DAT companies 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 offered more profit-taking opportunities.