<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMTIvMDE5YjU4MWQtMTMyNy03NzY2LTlmYjAtOWM3ZjdlOWEyMzdhLmpwZw==.jpg" alt="Ethereum unlikely to reach new highs in 2026: Ben Cowen"></p><p>If Ether manages to reclaim its all-time high in 2026, it may just be a “bull trap,” says crypto analyst Ben Cowen.</p>