Sorry, ETH holders…you may have to wait longer for all-time highs
Ether holders are facing uncertainty regarding new all-time highs, with analysts suggesting they may be several weeks or months away despite the price hovering near previous highs. A Nansen analyst noted potential consolidation after a rapid price increase, while traders remain hopeful due to Ethereum’s recent performance. The asset reached $4,779, only 2.07% below its all-time high before retracing to $4,634. Analysts indicate that the price will likely hold if institutional interest and ETF inflows remain strong, with recent inflows exceeding those of Bitcoin. However, sentiment varies, with traders expressing mixed opinions on the timing of all-time highs. Some speculate a significant price achievement could occur within days, while others believe momentum will build over the coming weeks. Market sentiment points to underlying doubt among retail traders potentially driving prices higher, emphasizing the volatile nature of the crypto market and the importance of ongoing investment flows.
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