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According to Bloomberg Intelligence Chief Commodities Strategist Mike McGlone, Ethereum is likely to return to the $2,000 level instead of turning decisively back above $4,000.
Important points:
- According to Mike McGlone, Ethereum faces higher risks of going to $2,000 than a break above $4,000.
- Long-term analysts see Ethereum in the consolidation phase despite its weak price.
- The Ethereum roadmap shows a renewed focus on autonomy and user experience beyond 2025.
in A recent post on X McGlone indicated continued diversification and increased risk exposure to assets.
Ethereum has been sitting between $2,000 and $4,000 since 2023, but the rise seems to be moving towards the end, he said.
The increase in the market could make Ethereum below $2,000
McGlone said that the risk of Ethereum remaining below $2,000 is greater than the chance of it remaining above $4,000, especially if the volatility of global markets returns.
The following chart shows repeated failures near the upper limit, as well as several tests of support near $2,000.
McGlone’s opinion contradicts the good news that circulates among cryptocurrency experts.
BullifyX, a widely followed market commentator, recently compared Ethereum’s long-term price to gold.
According to BullifyX, Ethereum is in a consolidation phase characterized by slow growth and price consolidation, which has already been the subject of strong debates in traditional securities.
The analyst described Ethereum’s current performance as a period of quiet consolidation rather than a decline in value, suggesting that a long-term consolidation could lead to a sharp upward move when conditions change.
Meanwhile, Vitalik Buterin, the founder of Ethereum, explained that 2026 is more than a special skill.
He said Recent post The community is entering a phase focused on regaining autonomy and improving the user experience, arguing that past adoption efforts no longer determine the future of the network.
“2026 is the year when we regain lost ground in terms of autonomy and lack of trust,” Buterin said in a post on X.
List jobs, falling wages, and rising participation all indicate that Ethereum is entering a new phase, in which the volume will not return due to access.
The Ethereum Foundation makes the security of quantum computing a priority
As mentioned, the Ethereum Foundation has raised post-quantum security to a higher priority, creating a dedicated post-quantum team and committing $2 million to the effort.
Ethereum researcher Justin Drake announced that the project will be led by Thomas Kortger together with Emil, a leanVM developer.
Drake said the foundation has been quietly working on the research for years, starting with initial discussions in 2019, before making it a priority.
The business plan includes R&D and environmental communication.
These include new leadership calls focused on user security, two million dollar crypto programs, multi-customer testing of post-quantum computing, and a series of international workshops aimed at accelerating collaboration and planning in the entire Ethereum ecosystem.
A note Expert: Ethereum price is more likely to reach $2,000 than recover to $4,000 appeared for the first time Cryptonews Arabic.
