Ethereum To $4,000? Standard Chartered Lowers Expectations

Ethereum, just like the broader crypto market, has skilled a pointy drop in value in current weeks. From a excessive of $3,352 initially of 2025, Ether now trades round $1,800 and $1,900, reflecting a pointy drop to the world’s second-biggest crypto by market cap. Taking a look at Ether’s larger image, it’s down 47% from final 12 months’s worth.

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If we go by the most recent analyses and observations from commentators, Ether’s value correction will doubtless be prolonged. The altcoin is dealing with an enormous bearish wave, with loads of market components undermining its value efficiency.

One important issue is Commonplace Chartered’s current determination to cut its price prediction by 60%, confirming market expectations.

Information: Commonplace Chartered slashes ETH value goal! 🚨

The financial institution cuts its 2025 ETH forecast from $10K to $4K, blaming Layer-2 networks like Base, which they are saying has drained $50B from Ethereum’s market worth.#Ethereum #ETH #Crypto #Layer2 #Base #Blockchain

— Andres Meneses (@andreswifitv) March 17, 2025

Ethereum Faces A Descending Channel

Ethereum is presently in a value hunch, and lots of specialists anticipate a a lot deeper dive within the subsequent few weeks. Ether’s value is presently floating above the $1,900 stage because it continues its bearish value actions.

Analysts use the MACD indicator to confirm and make sure the asset’s bearish sentiment. Additionally, the asset’s shifting averages counsel a impartial pattern and potential value consolidation.

Ethereum (ETH) stays within the correction zone at the moment, buying and selling round $1,874. The value continues to maneuver in a descending channel, indicating a potential continuation of consolidation. Transferring averages affirm the impartial pattern: the value is holding under the 50-day and 200-day MA,… pic.twitter.com/R3vNqFBDkZ

— LVelarde (@0xvelarde) March 17, 2025

In accordance with a crypto person named “LVelarde,” Ether’s value continues to comply with the descending channel, suggesting value consolidation. The asset’s value is consolidating under its 5-day and 200-day shifting averages, with merchants on the lookout for potential rejection or breakout. Because it fell under $2k, sentiments have been usually bearish, with many questioning its future value traits.

Commonplace Chartered Cuts Worth Estimates For Ethereum

Even a number of the largest banks, like Commonplace Chartered Financial institution, are lowering their expectations of Ethereum. From a excessive of $10,000, the financial institution is lowering its value goal to only $4,000, explaining that the Layer 2s are impacting its backside line.

The financial institution added that modifications and enhancements to the blockchain affected its total worth, like its shift to the proof-of-stake and scaling roadmap.

Standard Chartered used Coinbase’s Base Layer 2 for instance, suggesting that the undertaking has value Ethereum $50 billion from its market cap. In accordance with Geoff Kendrick, Commonplace Chartered analyst, Ethereum’s losses will proceed as Base’s dominance within the business continues.

Kendrick calls this the blockchain’s “midlife disaster”, including that Ethereum’s chain has grow to be a commodity with its Layer 2 framework.

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Issues Ethereum Can Do To Handle Its Slide

In accordance with Kendrick, Ethereum can tackle its downturn in two methods. First, it could leverage its security-based dominance within the context of the tokenization of real-world property (RWA). If Ethereum focuses on safety, it could preserve its 80% market share.

Second, it could cost taxes for its Layer 2s, however it’s extremely unlikely. Kendrick expects Ethereum to proceed its underperformance within the quick time period.

Featured picture from Bloomberg, chart from TradingView