The analyst said that the up-to-date highest level of all time can be in a few weeks or months, although ETH sits only a few hundred dollars from the up-to-date record price.
“Thanks to ETH near previous ATHS, we can consolidate a bit, taking into account the very large period in such a short time,” said Nansen Kennis analyst in the comments made available by Cointelegraph.
The ether price will not fall if the narratives are adjacent
Despite this, traders hope that Ether (ETH) will reach up-to-date peaks earlier after reaching USD 4779 on Thursday, only 2.07% discount on their highest level. On Friday, it increased to USD 4,630.
On Thursday Crypto Trader Realmissnft he said“What day will we break?”
While the assets have already increased by 215% since April, Kennis predicted that he did not see the defects, provided that institutional and ETF interest remain high.
“The rally will last as long as the flows and narrative remain strong,” Kennis said.
“Over the past few days, the influx of ETF has exceeded BTC flows and this is an interesting trend that has been increasing in the last few weeks,” he added.
On Monday, Ether Ether (ETF) turnover funds recorded their largest net influx in history, with the flow of all funds of $ 1.01 billion.
On the same day, ether, corporate farms increased to $ 13 billion, when the price of ETH broke USD 4,300, and Bitmine, Sharplink and Ether Machine raised a fee.
Eterer traders are divided when the ups of all time come
Matt Hougan, BitWise investment director, said Ether Treasury and Holding Company recently solved the narrative problem of Ethereum, packing digital assets in a way that time-honored investors understand.
Kennis predicted that the ether would reach up-to-date ups in the next few weeks or months, as long as “the flows remain stubborn.”
Related: The “marching” ether towards the highest all time, because traders predict the price of USD 13,000
Some cryptographic traders speculated that this could happen earlier.
Ardizor Crypto Trader he said On Thursday Ether “ATH is to hit in days.” Just a week earlier Crypto Trader Pentoshi he said On August 7, probably “in the near future”.
Bettors Polimarket bookmakers indicate that the price of ETH in the amount of USD 5000 is possible before the end of August, placement Chances for 65%.
Meanwhile, the Santiment Santiment Platform said that retail traders do not believe that therefore Ether will last, but doubts actually facilitate reduce the price, because prices often move in the opposite direction to the expectations of retail traders.
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This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
