PANews reported on August 25th that, according to Coindesk, several analysts expressed bullish momentum for ETH after it broke through $4,900. Crypto Rover stated that exchange reserves are shrinking at a record rate, indicating rising demand and continued upward pressure on prices. Analyst Miles Deutsher noted that BTC's rally has stalled near its recent highs, while ETH has just broken through its price discovery phase, and dip buying remains strong. Typically, when BTC weakens, traders turn to relatively strong assets (ETH).