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$ETH Rally to $4,878 Could Be Bull Trap in 2026, Analyst Warns
Crypto analyst Benjamin Cowen suggests $ETH faces significant headwinds preventing it from reclaiming its $4,878 peak during 2026. The assessment comes as broader market conditions show signs of weakness, particularly in 
$BTC performance.
Speaking on the Bankless podcast Tuesday, Cowen expressed skepticism about #Ethereum reaching new highs given current market dynamics. He pointed to $BTC potentially entering bear market territory as a primary constraint on $ETH upside potential.
The analyst warned that even if #Ethereum manages to push toward all-time highs, such a move could represent a bull trap rather than sustainable growth. A sharp reversal toward $2,000 could follow any temporary surge past previous peaks, according to his analysis.
