Analyst sees low chance of new ETH all-time high in 2026

Ethereum (ETH) is unlikely to reach a new all-time high in 2026, according to an analysis by crypto analyst Ben Cowen. Cointelegraph reports that Cowen believes it would be very difficult for ETH to rally independently if Bitcoin (BTC) has entered a bear market. He suggested that even if ETH recovers to its previous peak of $4,878, it would likely be a bull trap, with prices at risk of sliding back toward $2,000. However, Cowen added that ETH is the only altcoin that still has a chance of reclaiming its all-time high. He assessed that most other altcoins appear to have exhausted their momentum in the current cycle, making it unlikely they will set new records.