Ethereum unlikely to reach new highs in 2026: Ben Cowen

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Ethereum is improbable to deed caller highs successful the coming year, fixed the existent conditions for Bitcoin, says crypto expert Benjamin Cowen.

“If Bitcoin genuinely is genuinely successful a carnivore market, which is what it feels like, it would beryllium benignant of hard for Ethereum to spell up there,” Cowen said connected the Bankless podcast connected Tuesday.

It comes aft seasoned trader Peter Brandt predicted connected Dec. 19 that Bitcoin could autumn arsenic debased arsenic $60,000 by the 3rd 4th of 2026.

However, Cowen said that if Ether (ETH) does negociate to reclaim its $4,878 all-time high, which it past reached successful August, it could crook retired to beryllium a “bull trap,” with a crisp downward reversal to $2,000 pursuing a surge successful price.

Ether reclaiming all-time precocious would beryllium a 40% jump

Ethereum concisely reclaimed its 2021 all-time precocious of $4,878 connected Aug. 22, earlier sliding into a downtrend that saw it driblet to $2,767 successful November.

At the clip of publication, Ether is trading astatine $2,898, according to CoinMarketCap. A instrumentality to its all-time precocious would correspond a 40.59% summation from its existent level.

However, Cowen emphasized the script isn’t intolerable for Ether, but it astir apt wouldn’t trigger a domino effect crossed the broader crypto marketplace adjacent year.

“The lone altcoin that I’m adjacent considering this for is Ethereum. I deliberation a batch of the different altcoins are benignant of cooked astatine this constituent for the cycle,” helium said, adding that it’s improbable they’ll scope caller highs this rhythm if they haven’t already.

Fundstrat Global Advisors reportedly warned its investors connected Dec. 17 astir a imaginable “meaningful drawdown” successful 2026, which could spot Ether diminution to betwixt $1,800 and $2,000.

Meanwhile, crypto expert Crypto With James said connected Dec. 16 that Ether is “not done yet” and a near-term determination backmost toward all-time highs is inactive connected the table.

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