While some Ether holders expect new all-time highs within the next few days, a Nansen analyst said it may be weeks or months away.
A new all-time high for Ether may be weeks or months away, despite ETH currently sitting only a few hundred dollars off a new record price, an analyst said.
“With ETH near its previous ATHs, we may consolidate for a bit, given the very large run-up in such a short time frame,” Nansen analyst Jake Kennis said in comments shared with Cointelegraph.
Still, traders are hoping Ether (ETH) will reach new highs sooner after it reached $4,779 on Thursday, just 2.07% off its all-time high. It had retraced to $4,630 on Friday.
