Ethereum To $4,000? Standard Chartered Lowers Expectations
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Like the broader cryptocurrency market, Ethereum’s price has dropped in recent weeks. From the high price of $3,352 starting in early 2025, Ether is now trading $1,800 and $1,900, Reflecting a sharp decline in the world’s second largest cryptocurrency by market value. From the big picture of Ether, it’s down 47% from last year’s value.
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If we do the latest analysis and observations from commentators, then the price correction for Ether may be expanded. Altcoin is facing a huge bearish wave, with a large number of market factors undermining its price performance.
An important factor is the recent decision of the Standard Charter Cut price forecasts A 60% reduction confirms market expectations.
News: Standard Chartered SLASHES ETH Price Target! 🚨
The bank lowered its 2025 ETH forecast from $100K to $4K, blaming Layer 2 networks like Base, which they say has drained $50B from Ethereum’s market value.#Ethereum #eth #crypto #layer2 #according to #Blockchain
– Andres Meneses (@andreswifitv) March 17, 2025
Ethereum faces decline channel
Ethereum is currently in a low price state, and many experts are expecting a deeper dive in the coming weeks. The Ether price is currently above the $1,900 level as it continues to go to price changes.
Analysts use MACD indicators to verify and confirm bearish sentiment on assets. Furthermore, the moving average of assets indicates neutral trends and possible price consolidation.
Ethereum (ETH) is still in the correction zone today, trading around $1,874. Prices continue to move in the downward channels, indicating that the merger may continue. Moving averages confirm the neutral trend: prices below 50-day and 200-day MA,… pic.twitter.com/r3vnqfbdkz
-Lvelarde(@0xvelarde) March 17, 2025
According to an encrypted user named “Lvelarde”, Ether’s price continues to follow the decline channel, indicating a price consolidation. As assets are consolidated below their 5-day and 200-day moving averages, traders are looking for possible rejections or breakthroughs. Since it is below $2K, sentiment is usually bearish, with many questioning its future price trends.
Ethereum’s standard franchise price reduction estimate
Even some of the largest banks, such as Standard Chartered Banks, are Reduce their expectations Ethereum. Starting with a high price of $10,000, the bank lowered its target to just $4,000 and explained that Tier 2 affected its bottom line.
The bank added that changes and improvements to the blockchain have affected its overall value, such as shifting to commodity proof and expansion roadmap.
Standard charter Taking the basic tier 2 of Coinbase as an example, it shows that the project costs $50 billion from its market capitalization. According to standards chartered analyst Geoff Kendrick, Ethereum’s losses will continue as it basically dominates the industry.
Kendrick called it a “mid-life crisis” for blockchain, adding that Ethereum’s chain has become a commodity for its 2-tier framework.
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Things Ethereum can do to solve its slideshow
According to Kendrick, Ethereum can solve its downturn in two ways. First, it can take advantage of its security-based dominance on tokens of real-world assets (RWAs). If Ethereum focuses on security, it can maintain its 80% market share.
Second, it can charge taxes for its tier 2, but it is extremely unlikely. Kendrick expects Ethereum to continue its underperformance in the near term.
Featured images of Bloomberg, charts of TradingView
