Ether Unlikely to Reach New Highs in 2026: Crypto Analyst
Summary
Crypto analyst Benjamin Cowen stated on the Bankless podcast that Ethereum is unlikely to reach new all-time highs in the coming year, particularly if Bitcoin is in a bear market. He warned that if Ether (ETH) were to reclaim its previous high of $4,878, it might be a "bull trap" leading to a sharp reversal down to $2,000. While Cowen noted that reaching a new high isn't impossible for ETH, he believes it wouldn't spark a broader crypto market rally, suggesting most other altcoins are unlikely to hit new cycle highs. This perspective contrasts slightly with other analysts, though Fundstrat Global Advisors also warned of a potential drawdown for Ether to $1,800–$2,000 in 2026.
(Source:Cointelegraph)