Expert Analyst Is Cautious About Ethereum's Price in 2026

Crypto analyst Ben Cowen has stated that it seems unlikely that Ethereum (ETH) will reach new highs in 2026. Cowen warned that potential record attempts could be a misleading 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 in a true bear market, it would be quite difficult for Ethereum to stage a strong rally on its own. The analyst noted that even if Ether were to test its all-time high again in 2026, it might not result in a lasting bull run. He also issued warnings that the possible rise could be a trap.

Cowen expressed that if the price of Ethereum were to rise back to 4,878 dollars, this could be a 'bull trap', meaning a short-term rise that misleads investors. In this scenario, he mentioned that the price could sharply pull back towards the 2,000 dollar range. Given the current levels, reaching this peak would imply 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 an increase were to occur, it would likely not create a cascading effect for the overall altcoin market.

According to the analyst, the only altcoin with potential for a new peak in this cycle could be Ethereum. Cowen stated that the possibility is largely eliminated for many other altcoins. On the other hand, famous 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.