Ethereum Taps $4,000 As Analyst Predicts 'Final Rally' Ahead Of 2026 Downturn

Core Insights - Ethereum (ETH) is currently trading around $4,000, with analyst Benjamin Cowen predicting a final push towards new all-time highs before a potential market downturn in 2026 [1][2] - Cowen identifies April 2025 as a pivotal moment for ETH, suggesting it will recover after a tight-money phase characterized by higher rates and quantitative tightening [2] - The ETH/BTC ratio is highlighted as a key indicator for alt-season, having peaked in mid-August 2025 alongside ETH's all-time high [2] Price Action and Predictions - Cowen notes that Ethereum has recently retested the 20/21-week moving average at approximately $3,800, indicating a correction of around 30% [3] - A rebound towards new highs is expected, but this may represent the final rally of the current cycle, likely peaking within three months [3] - For the ETH/BTC ratio, potential downside is projected between 0.031 and 0.034 before a rebound towards approximately 0.053 [3] Market Dynamics - A failure to maintain above the bull market support band would invalidate Cowen's bullish outlook on Ethereum [4] - Bitcoin dominance may increase to 63-64%, which could suppress Ethereum until a potential reversal in late Q4 [4]