The turbulent yr 2025 is coming to an finish. Bitcoin (BTC) and altcoins have skilled each sharp rises and sharp declines.
Certainly one of them was Ethereum (ETH). After hitting a brand new all-time excessive in August, ETH has since skilled a pointy decline, dropping to round $2,600.
Analysts usually count on Ethereum to be oversold and backside out, however one analyst didn’t paint a optimistic image for Ethereum.
In style analyst Benjamin Cowen mentioned in his newest evaluation that Ethereum is unlikely to hit a brand new all-time excessive in 2026.
The analyst mentioned it could be tough to count on a typical rally for Ethereum in 2026, given the likelihood that Bitcoin may enter a bear market.
On the Bankless podcast, Cowen mentioned that even when ETH returns to its earlier excessive of $4,900, it’s going to seemingly be a bullish lure.
He added that even when ETH reaches these costs, there’s a threat that it’s going to then plummet and the worth may strategy $2,000.
“If Bitcoin actually enters a bear market, will probably be very tough for Ethereum to rise by itself.”
One attainable state of affairs is that Ethereum rallies round its earlier highs, which turns into a bullish lure, after which declines to round $2,000. ”
Cowen mentioned he’s not optimistic about Ethereum's rise, however added that ETH is the one altcoin that has the potential to hit new all-time highs.
He assessed that the majority different altcoins have exhausted their upward momentum within the present cycle and are unlikely to interrupt new data.
*This isn’t funding recommendation.
