Expert Analyst Approaches Ethereum Price for 2026 with Caution

Crypto analyst Ben Cowen stated that it does not seem very likely for Ethereum (ETH) to reach new peaks in 2026. Cowen warned that potential record attempts could be a deceptive rally for investors. While expectations for the crypto markets in 2026 are being discussed, experienced analyst Ben Cowen emphasized in a Bankless podcast that the ongoing weakness in Bitcoin (BTC) is also putting pressure on Ethereum.

According to Cowen, if Bitcoin is truly in a bear market, it will be quite difficult for Ethereum to exhibit a strong rally on its own. The analyst noted that even if Ether tests its all-time high levels again in 2026, it may not lead to a lasting bull run. He also raised concerns that any potential rally could be a trap.

Cowen stated that if the price of Ethereum rises back to 4,878 dollars, it could be a 'bull trap,' meaning a short-term rise that misleads investors. In this scenario, he mentioned that the price could sharply decline towards the 2,000 dollar range. From current levels, reaching this peak indicates about a 40% increase.

Ethereum briefly approached record levels in August but then entered a downward trend, falling to around 2,700 dollars by November. Cowen believes that even if such a rise occurs, it is unlikely to have a chain reaction effect on the overall altcoin market.

According to the analyst, the only altcoin that has a chance of reaching a new peak in this cycle could be Ethereum. Cowen stated that the probability for this possibility has largely disappeared for many other altcoins. Meanwhile, renowned trader Peter Brandt predicts that Bitcoin could fall to around 60,000 dollars in the third quarter of 2026. Similarly, Fundstrat Global Advisors is warning its investors that Ethereum could drop to a range of 1,800 to 2,000 dollars in 2026.