#ETH The CEO of Canary Capital stated that the price of Ethereum will not reach a new ATH. Ethereum may be experiencing its strongest year since 2021, but not everyone believes it will break into new territory. In a recent interview with CNBC Crypto World, Steven McClurg, the CEO of Canary Capital, took a firm stance on the long-term prospects of ETH, calling it "outdated technology" that has been surpassed by faster, cheaper, and more secure protocols. While McClurg praised Ethereum's past performance, he believes its momentum is mainly driven by the recently launched ETH ETF. In his view, this enthusiasm will eventually fade, preventing Ethereum from setting new historical highs. "Ethereum will not reach a new ATH," said Steven McClurg, CEO of Canary Capital. The chance of Bitcoin reaching $150K this year is 50%, while Ether will not set a new high. $BTC has already set a new ATH above $124K, while $ETH has yet to reach the $4.8K high of 2021.

On August 17, 2025, this occurred as Bitcoin had already broken through its previous all-time high (ATH), soaring above $124,000 last week. Meanwhile, Ether "touched" the $4,750 range, just a step away from the approximately $4,800 peak in 2021, before falling back below $4,300. McLag’s bearish stance is not shared by everyone. Many in the market, including us, still believe that Ethereum has enough strength to reclaim and eventually surpass its all-time high this year. The rebound from $1,500 to nearly $4,800 in just a few months shows that the demand for ETH remains strong. If Ethereum does not break new highs during this cycle, the community may view it as underperforming compared to Bitcoin and newer layer one competitors. Currently, ETH is in a critical zone. If buyers re-enter and push it above the $4,800 threshold, the entire narrative could flip. Until then, doubts like those from McLug will continue to affect Ethereum's prospects. Subscribe to our YouTube channel for daily cryptocurrency updates, market insights, and expert analysis.