According to @QCPgroup, ETH is edging toward all-time highs, and because ETH has a smaller market cap and thinner liquidity than BTC, incremental flows have a larger price impact that strengthens the bid when net inflows arrive (source: @QCPgroup). According to @QCPgroup, Bitmine’s ongoing ETH treasury accumulation and steady demand for ETH DAT are reinforcing buy-side support and sustaining upward pressure on ETH (source: @QCPgroup).