Analysis: "ETH unlikely to report next year... Still better than other altcoins."
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A new analysis suggests that Ethereum (ETH) is unlikely to hit a new high in 2026. According to Cointelegraph, cryptocurrency analyst Ben Cowen stated, "If BTC is indeed in a bear market, it will be very difficult for ETH to rise on its own. Even if ETH recovers its all-time high ($4,878), it is likely to be a bull trap (a reversal from a bullish to bearish trend at the upper high of a range). Following the surge, it will likely reverse course and fall to the $2,000 level." He added, "ETH is the only altcoin that still has a chance of recovering its all-time high. Most other altcoins appear to have exhausted their strength during this cycle. Even if they haven't hit a new high yet, it will be difficult to do so within this cycle."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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