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No New Highs For ETH Subsequent Yr?
“If Bitcoin is really in a bear market, which is what it seems like, it might be sort of arduous for Ethereum to go up there,” Cowen mentioned on a Tuesday interview with the Bankless podcast.
The prediction comes after Tom Lee’s asset administration agency Fundstrat Capital projected a “significant drawdown” within the first half of 2026. Particularly, Fundstrat expects Bitcoin to drag again 35% to the $60,000-$65,000 zone and Ether to $1,800-$2,000.
For Cowen, Ether efficiently breaking above its present $4,946 all-time excessive, which it registered in August 2025, might simply be a basic bull lure setup, a short-lived rally that lures traders again to the market earlier than a serious downtrend that might ship the asset again to $2K.
ETH is altering palms at $2,963 as of press time, in line with knowledge from CoinGecko. Reclaiming its all-time excessive would characterize a roughly 40% progress from its present stage. However analyst Cowen thinks Ether can rating new ATHs in 2026, although he doesn’t count on it to spark a domino impact throughout the broader crypto market.
 
“The one altcoin that I’m even contemplating this for is Ethereum. I feel a number of the opposite altcoins are sort of cooked at this level for the cycle,” he posited, explaining that it’s unlikely they’ll hit new file highs this cycle in the event that they haven’t already.
In the meantime, Tom Lee, who’s the chief funding officer at asset administration agency Fundstrat Capital and the manager chairman of BitMine Immersion Applied sciences, not too long ago shared a conflicting Ethereum outlook. Lee steered that ETH discovered its backside after the second-largest crypto plummeted under the psychologically essential $3,000 mark.
He’s extra enthusiastic about Ethereum’s future over the subsequent 10-15 years, particularly as Wall Road has adopted the layer-1 community and because it performs a rising position in the way forward for finance.
