Expert Analyst Approaches Ethereum Price for 2026 with Caution

Crypto analyst Ben Cowen expressed that it seems unlikely for Ethereum (ETH) to reach new highs in 2026. Cowen warned that potential record attempts may be a deceptive rally for investors. While expectations for the 2026 crypto market 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 show strong upward momentum on its own. The analyst pointed out that even if Ether tests its all-time high again in 2026, it may not be a sustainable bull run. He also warned that any potential rise 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 temporary rise that misleads investors. In this scenario, he suggested that the price could drop sharply towards the 2,000 dollar range. From the current levels, reaching this peak indicates an increase of approximately 40%.

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

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