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TechFlow, Dec 26 — According to Cointelegraph, cryptocurrency analyst Benjamin Cowen said on the Bankless podcast that given Bitcoin's current market conditions, Ethereum is unlikely to reach a new all-time high by 2026.
Cowen noted that if Bitcoin is indeed in a bear market, Ethereum will struggle to rise. Even if ETH reclaims its all-time high of $4,878, it could still be a "bull trap," with prices potentially plummeting afterward to $2,000.
According to Cointelegraph, cryptocurrency analyst Benjamin Cowen said on the Bankless podcast that, given Bitcoin's current market conditions, Ethereum is unlikely to reach a new all-time high by 2026. Cowen pointed out that if Bitcoin is indeed in a bear market, Ethereum will struggle to rise. Even if ETH returns to its previous all-time high of $4,878, it could be a "bull trap," followed by a sharp drop back down to $2,000.
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