Sorry to those holding ETH, you may have to wait longer to reach a new ATH.

A new record high for Ether may still be a few weeks or months away, although ETH is currently just a few hundred dollars below the new peak, according to an analyst.

"With ETH nearing the previous peak, we may see a short correction phase, due to the very strong momentum in a short period of time," said analyst Jake Kennis from Nansen.

Ether price is hard to decrease if market narratives persist

Traders are still hoping that Ether (ETH) will soon reach a new high after touching 4,779 USD on Thursday, just 2.07% lower than its all-time high. On Friday, the price adjusted down to 4,630 USD.

On Thursday, crypto trader RealMissNFT asked: "When will we break this peak?".

Rushing home to enjoy the $ETH All-Time High pic.twitter.com/J6eWqgvZX6

— Quinten | 048.eth (@QuintenFrancois) August 13, 2025

Although this asset has increased by 215% since April, Kennis predicts that the price will not decrease as long as interest from institutions and ETF funds remains high.

"The uptrend will be sustained as long as the capital flow and market narrative remain strong," Kennis said.

"The inflow of capital into ETH ETFs has even surpassed the inflow into BTC in recent days, and this is an interesting trend that has been on the rise in recent weeks," he added.

On Monday, Ether spot ETF funds recorded their largest net inflow day ever, with total inflows across all funds reaching $1.01 billion.

On the same day, the amount of Ether held by companies surged to 13 billion USD as the price of ETH exceeded 4,300 USD, with BitMine, SharpLink, and The Ether Machine leading the buying spree.

Ether traders are divided on when to reach the historical peak

Bitwise's Chief Investment Officer Matt Hougan recently stated that companies holding and managing Ether treasury have resolved Ethereum's "narrative issue" by packaging the digital asset in a way that traditional investors can understand.

Kennis predicts that Ether will reach new highs in the coming weeks or months, as long as "the flow of funds continues to maintain an upward trend."

Some cryptocurrency traders speculate that the record high could come sooner.

Crypto trader Ardizor stated on Thursday that Ether "will hit ATH in the coming days." Just a week ago, trader Pentoshi mentioned on August 7 that there is a possibility of "ETH reaching a new ATH in the near future."

Bets on the crypto betting platform Polymarket indicate that an ETH price of 5,000 USD is possible before the end of August, with a 65% probability.

Meanwhile, the sentiment analysis platform Santiment reports that retail traders do not believe that the rally of Ether will last, but this very skepticism helps push the price higher, as prices often move contrary to the expectations of retail investors.

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