BEARISH 📉 : Ethereum struggles to reach $7,500 amid market downturn

Ethereum's 2026 outlook is debated after a recent market downturn. Standard Chartered initially projected Ethereum reaching $7,500 by 2026, but recent price actions challenge this view.

Key Points

Standard Chartered reduced its Ethereum forecast for 2026 from $12,000 to $7,500 while maintaining a positive long-term view.
The bank expects Ethereum to reach $15,000 in 2027, $22,000 in 2028, and $40,000 by 2030.
The revision is attributed to the weak performance of Bitcoin affecting crypto valuations.
Ethereum's strengths are recognized in stablecoins, decentralized finance, and tokenized assets.
Improvement in the ETH/BTC ratio is crucial for significant gains.

Current Market Situation

Ethereum struggles around $2,000, down about 40% over the past 30 days.
Resistance remains between $2,100-$2,150, hindering upward momentum.
On-chain data indicates elevated stress conditions and lack of clear bullish control.
Potential catalysts for reaching $7,500 by 2026 include demand increase and steady inflows into Spot Ethereum ETFs.

Ethereum

Ethereum needs to surpass $2,150 resistance to sustain any upward progress.