[Analyst: Ethereum Unlikely to Hit a New High in 2026] According to Cointelegraph, crypto analyst Ben Cowen stated that given Bitcoin's current situation, it is unlikely for Ethereum to hit a new high within the next year. However, if Ethereum does manage to return to its all-time high of $4,878 set in August, it could ultimately turn into a 'bull trap,' with prices potentially plummeting sharply to $2,000 after a surge.