Ethereum Reaches $4,000 Amid Predictions of 'Final Rally'
Ethereum (CRYPTO: ETH) is trading around $4,000, with analyst Benjamin Cowen predicting a final push toward new all-time highs before a potential market downturn in 2026.
Market Analysis
According to Cowen, Ethereum's current price action is in "a dubious speculation phase", following his cycle framework. He notes that ETH forms a macro higher low, trends toward its lower regression band, and then recovers.
ETH/BTC is the key alt-season indicator.
Price Movement
Cowen cited April 2025 as a key pivot, with ETH catching up after the tight-money phase of higher rates and quantitative tightening. He also noted that ETH/BTC peaked in mid-August 2025 alongside ETH's all-time high and typically weakens through September-October, with potential for a bounce in November before another dip into early December, similar to 2017.
Author's summary: Ethereum reaches $4,000 ahead of predicted downturn.
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