There's a real possibility that Ethereum could be heading into a bull trap if it rallies to fresh all-time highs in 2026. According to analyst Benjamin Cowen's recent take, that euphoric price action might be masking deeper weakness underneath. His concern? After any explosive upside move, a sharp correction could drag prices down toward the $2,000 level. It's a reminder that not every new high signals smooth sailing ahead—sometimes they set the stage for significant pullbacks. For traders watching Ethereum closely, the risk-reward math on potential rally tops deserves serious attention.