Bitwise CIO Matt Hougan issued important insights for Ethereum (ETH) and Solana (SOL) investors regarding 2026. Hougan suggested that if the long-debated Transparency (Clarity Act) in the United States is passed, both altcoins could reach new all-time highs (ATHs). In the final quarter of 2025, contrary to expectations, Bitcoin (BTC) and altcoins experienced sharp declines. This created uncertainty for investors in the crypto market and pushed bullish expectations into 2026. At this point, Hougan highlighted the long-term potential of Ethereum and Solana, aiming to reduce market uncertainty.
Ethereum (ETH) Starts 2026 Strong
According to Hougan, Ethereum delivered a strong performance in 2025. After dropping to around $1,500 earlier in the year, ETH rebounded sharply, gaining more than threefold and restoring investor confidence. The Bitwise CIO stated:
“ETH’s recovery has rebuilt the confidence of cautious institutional investors. However, uncertainty remains the biggest obstacle to further upside.”
For Ethereum to reach new ATH levels in the coming period, regulatory clarity in the U.S. is crucial. Hougan emphasized that the passage of the Clarity Act would provide long-term stability and confidence for ETH investors.

Solana (SOL): Uncertainty Could Turn Into Opportunity
The outlook for Solana is more complex. Hougan noted that SOL continues to grow both technologically and within its ecosystem. However, he stressed that regulatory clarity is still required for the price to reach new ATH levels.
“Regulations could open the door for SOL to reach new all-time highs and increase institutional investor interest,” Hougan said.
The CIO also pointed out that passing the Clarity Act would not only benefit Ethereum and Solana but would also bring long-term stability to the entire blockchain-based financial system. According to Hougan, implementation of the law would demonstrate the importance the U.S. places on digital assets while creating a safer investment environment for investors.
What Should Investors Watch?
Hougan advised Ethereum and Solana investors to closely follow regulatory developments coming from the United States. Such news could directly impact the market value of both ETH and SOL and potentially trigger new ATHs in 2026. In conclusion, the Bitwise CIO underlined that the main risk for Ethereum and Solana is uncertainty. If U.S. regulations become clearer, 2026 could be a historic breakout year for both altcoins.
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