Ether All-Time Highs May Take Weeks Despite ETF Inflows
Ether price is currently trading just below its November 2021 all-time high of $4,785. Despite a recent surge driven by spot ETF inflows, a Nansen analyst warns that Ether all-time highs may still be weeks or even months away. The Ether price reached $4,779 on Thursday, just 2% shy of its peak, before retracing to around $4,630. Traders remain optimistic as institutional and ETF interest intensifies. On Monday, spot Ether ETFs saw a record $1.01 billion in net inflows, with corporate Ether holdings swelling to $13 billion. Nansen’s Jake Kennis expects the rally to hold if ETF flows stay bullish. Some traders predict a new Ether peak in days, while betting markets give a 65% chance of $5,000 ETH by end-August. Retail skepticism, highlighted by sentiment platform Santiment, may further fuel the rally by moving prices against retail expectations. Overall, strong ETF and institutional activity underpins a positive outlook, though further consolidation may precede a fresh all-time high.
Bullish
This news highlights record spot ETF inflows and growing institutional Ether holdings, key bullish catalysts for price support. Historically, sustained ETF demand—seen earlier with Bitcoin—has underpinned new price breakouts. While short-term consolidation near all-time highs is possible, strong ETF and corporate flows reduce downside risk and increase the probability of a sustained rally. Retail skepticism, as noted by Santiment, can further amplify buying pressure when prices move contrary to retail expectations. Overall, the combination of heavy ETF inflows, institutional investment, and positive market sentiment suggests a bullish medium- to long-term outlook, even if weeks of consolidation precede a new peak.