Ether Unlikely to Reach New Highs in 2026: Crypto Analyst

Ethereum is unlikely to hit new highs within the coming 12 months, given the present circumstances for Bitcoin, says crypto analyst Benjamin Cowen.

“If Bitcoin actually is actually in a bear market, which is what it appears like, it might be type of laborious for Ethereum to go up there,” Cowen said on the Bankless podcast on Tuesday. 

It comes after veteran dealer Peter Brandt predicted on Dec. 19 that Bitcoin might fall as little as $60,000 by the third quarter of 2026.

Nonetheless, Cowen stated that if Ether (ETH) does handle to reclaim its $4,878 all-time excessive, which it final reached in August, it might transform a “bull entice,” with a pointy downward reversal to $2,000 following a surge in worth.

Ether reclaiming all-time excessive can be a 40% leap

Ethereum briefly reclaimed its 2021 all-time excessive of $4,878 on Aug. 22, earlier than sliding right into a downtrend that noticed it drop to $2,767 in November. 

On the time of publication, Ether is buying and selling at $2,898, according to CoinMarketCap. A return to its all-time excessive would characterize a 40.59% improve from its present degree.

Nonetheless, Cowen emphasised the state of affairs isn’t unimaginable for Ether, however it in all probability wouldn’t set off a domino impact throughout the broader crypto market subsequent 12 months.

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“The one altcoin that I’m even contemplating this for is Ethereum. I feel a whole lot of the opposite altcoins are type of cooked at this level for the cycle,” he stated, including that it’s unlikely they’ll attain new highs this cycle in the event that they haven’t already.