Expert Analyst Approaches Ethereum Price for 2026 with Caution

Crypto analyst Ben Cowen stated that it does not seem likely for Ethereum (ETH) to 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 genuinely 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 again in 2026, it might not lead to a sustained bullish trend. He also issued warnings that any potential rise could be a trap.

Cowen expressed that if the price of Ethereum rises again to 4,878 dollars, it could be a 'bull trap', meaning a brief misleading rise for investors. In this scenario, the price could drop sharply towards the 2,000 dollar range. From the current levels, reaching this peak suggests an approximately 40% increase.

Ethereum had 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 may not create a chain reaction for the general altcoin market.

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