Crypto Journalist
Amin Ayan
Crypto Journalist
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Ethereum is more likely to revisit the $2,000 level than stage a decisive move back above $4,000, according to Bloomberg Intelligence Senior Commodity Strategist Mike McGlone.
Key Takeaways:
- Ethereum faces higher downside risk toward $2,000 than a breakout above $4,000, according to Mike McGlone.
- Long-term analysts argue ETH is in an accumulation phase despite weak price momentum.
- Ethereum’s roadmap points to renewed focus on self-sovereignty and user experience beyond 2025.
In a recent post on X, McGlone pointed to persistent range-bound trading and rising macro risks weighing on the asset.
He said Ether has remained trapped in a $2,000–$4,000 range since 2023, but momentum appears to be shifting toward the lower end.
Rising Market Volatility Could Keep Ethereum Below $2,000
McGlone argued that the risks of Ethereum staying below $2,000 are greater than the chances of a sustained breakout above $4,000, especially if volatility in global equity markets rebounds.
His accompanying chart highlights repeated failures near the upper boundary of the range, alongside multiple tests of support closer to $2,000.
McGlone’s view contrasts with a more optimistic narrative circulating among crypto-focused analysts.
BullifyX, a widely followed market commentator, recently compared Ethereum’s long-term price structure to that of gold.
According to BullifyX, Ethereum is undergoing an extended accumulation phase characterized by gradual higher lows and compressed price action, a pattern that historically preceded strong rallies in traditional safe-haven assets.
The analyst described Ethereum’s current behavior as a period of quiet positioning rather than fading demand, suggesting that prolonged consolidation could ultimately lay the groundwork for a sharp upside move once conditions shift.
Meanwhile, Ethereum co-founder Vitalik Buterin has framed 2026 as more than a technical milestone.
In a recent post, he said the community is entering a phase focused on restoring personal autonomy and improving user experience, arguing that earlier compromises made in pursuit of adoption no longer need to define the network’s future.
“2026 is the year that we take back lost ground in terms of self-sovereignty and trustlessness,” Buterin said in an X post.
Together, record activity, falling fees, and rising participation suggest Ethereum is entering a new phase, one where scale no longer comes at the expense of accessibility.
Ethereum Foundation Makes Quantum-Resistant Security a Strategic Priority
As reported, the Ethereum Foundation has elevated post-quantum security to a core strategic focus, forming a dedicated Post Quantum team and committing $2 million to the effort.
Announced by Ethereum researcher Justin Drake, the initiative will be led by Thomas Coratger alongside Emile, a contributor to leanVM.
Drake said the foundation has been working on quantum-resilience research quietly for years, dating back to early discussions in 2019, before formally making it a top-level priority.
The foundation’s plan spans research, development, and ecosystem coordination.
This includes new developer calls focused on user-facing security, two $1 million cryptography prize programs, active multi-client post-quantum testing networks, and a series of global workshops aimed at accelerating collaboration and readiness across the Ethereum ecosystem.
