#MarketTurbulence Sorry, ETH holders, you may have to wait longer for Ether to reach new all-time highs.

Although some Ether holders expect new all-time highs in the coming days, a Nansen analyst stated that it could take weeks or months before this happens.

A new all-time high for Ether could be weeks or months away, even though ETH is currently just a few hundred dollars from a new record price, according to an analyst.

"Given that ETH is close to its previous all-time highs, a consolidation may occur for a while, given the huge surge in such a short time," said Jake Kennis, an analyst at Nansen.

The price of Ether will not fall if the narratives remain.

Still, traders expect Ether

ETH 3976 € to reach new highs soon, after it hit $4,779 on Thursday, just 2.07% below its all-time high. By Friday, it had pulled back to $4,630.

Although the asset has already risen 215% since April, Kennis predicted that it would not suffer a drop as long as institutional interest and ETF interest remain high.

"The rise will continue as long as flows and the narrative remain strong," Kennis stated.

"Inflows into ETH ETFs have even surpassed BTC flows in recent days, and this is an interesting trend that has been intensifying in recent weeks," he added.

On Monday, Ether exchange-traded funds (ETFs) recorded their largest net inflow day in history, with flows across all funds totaling $1.01 billion.

On the same day, corporate holdings of Ether surged to $13 billion when the price of ETH surpassed $4,300, led by BitMine, SharpLink, and The Ether Machine.