Ethereum Price Target Cut to $4,000 by Standard Chartered
Ethereum Price Update
- Ethereum's price has dropped to approximately $1,800-$1,900 from a peak of $3,352 at the start of 2025.
- The current value reflects a 47% decline compared to last year's price.
- Standard Chartered reduced its 2025 price target for Ethereum from $10,000 to $4,000, citing revenue loss due to Layer-2 networks.
- Layer-2 projects like Base are reported to have drained $50 billion from Ethereum’s market cap.
Market Sentiment and Analysis
- Analysts predict a continued bearish trend for Ether in the coming weeks.
- Current trading shows Ethereum within a descending channel, suggesting further price consolidation.
- MACD indicators and moving averages indicate a neutral trend with potential for deeper corrections.
- Traders are observing for signs of rejection or breakout below key moving averages.
Recommendations for Recovery
- Focus on security-based dominance in tokenization of real-world assets to maintain market share.
- Consider implementing fees for Layer 2 services, though this is viewed as unlikely.
- Short-term underperformance is expected to continue.