Emre Yumlu 
Some Ethereum (ETH) investors believe a new all-time high (ATH) could be reached in the coming days, while Nansen analyst Jake Kennis suggests it might take weeks or even months. Despite ETH being only a few hundred dollars away from its previous peak, Kennis noted that a brief consolidation phase could occur following such a rapid surge.
Factors Supporting Ethereum’s Price
ETH reached $4,779 last Thursday — just 2.07% below its ATH — before pulling back to $4,630. According to the Nansen analyst, as long as ETH ETF inflows and institutional interest remain strong, significant downside is unlikely. In fact, recent ETH ETF inflows have even outpaced Bitcoin (BTC) ETF inflows. On Monday, spot Ether ETFs recorded a record $1.01 billion in net inflows. That same day, corporate ETH holdings surged to $13 billion.
Diverging Views in the Market for Ethereum
Bitwise CIO Matt Hougan stated that Ethereum has now been packaged in a way that is easier for institutional investors to understand, strengthening its market narrative. Kennis believes that as long as “fund inflows remain strong,” a new ATH could arrive in the next few weeks or months. However, some traders expect it much sooner. For example, trader Ardizor claimed that an ATH is “just days away,” while Polymarket data shows a 65% probability that ETH could hit $5,000 before the end of the month.
According to sentiment platform Santiment, retail traders’ skepticism about the rally may actually be helping push prices higher — as markets often move in the opposite direction of retail expectations.
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