Analyst Benjamin Cowen predicts Ethereum is unlikely to surpass its 2021 all-time high in 2026 due to weak broader crypto market conditions tied to Bitcoin's bearish structure. Cowen cautions that even if Ethereum rallies to previous peaks, it could be a bull trap leading to a sharp reversal to around $2,000. Other analysts also warn of significant drawdowns, though some maintain cautious optimism about Ethereum's near-term potential.
