Recently, Ether (ETH) is only a few hundred dollars away from record highs, yet analysts warn that new all-time highs may still be weeks or months away.
Approach to Price Predictions for Ether
Nansen analyst Jake Kennis mentioned that as Ether approaches its previous all-time highs, there might be a short-term consolidation trend. "Given the large run-up in such a short time frame, we might experience price stability," he added.
Discussions Among Traders
Despite this, traders hope for a surge in Ether, which reached $4,779 on Thursday, just 2.07% off its all-time high. Kennis also indicated that maintaining high interest from institutional investors and ETFs would likely contribute to future price successes. "The rally will hold as long as the flows and narrative remain strong," he stated.
Market Sentiment
Recent data shows that spot Ether ETFs recorded their largest net inflows ever, exceeding $1.01 billion. Furthermore, corporate Ether holdings surged to $13 billion, confirming the growing interest in the asset from traditional investment circles. Traders are divided on the timing of potential new all-time highs, with some believing it could happen in the coming days.
Overall, the question remains about when exactly Ether will be able to set new records. The current market sentiment and institutional interest play a key role in this process.
