Standard Chartered drops 2025 ETH price estimate by 60% to $4K
17 Março 2025 - 4:39PM
Cointelegraph


Ethereum price is more than 52% down from its December 2024 high
at $4,107 and data from TradingView shows ETH
(ETH) down 42% since the
start of 2025.
Despite being one of the largest cryptocurrencies by market
capitalization and holding the dominant spot as the leader in Web3
and DeFi, many analysts believe that ETH’s price prospects remain
grim in the short term.
Crypto analyst and chartered market technician Askel Kibar
warned traders against assuming that ETH price trades at a discount
simply based on how far off it is from its average trading
price.
On X, Kibar explained that “bottom
reversals take time” given that “ all that supply needs to be
accumulated.”
ETH/USD daily chart. Source: X / Aksel Kibar
Referring to the chart above, Kibar said,
“Those of you that want to see ETH outperform BTC need
to see similar price action to 2018-2020 period. After an extending
downtrend price formed a double bottom late in 2019. Then it turned
out to a larger scale H&S bottom reversal.”
Currently, ETH’s chart does not show any type of bottoming
formation, leading Kibar to compare trading Ethereum to “catching a
falling knife.”
Standard Chartered chops 2025 ETH price call to
$4,000
Standard Chartered added to the dim outlook via a March 17
client letter, which revised down their end of 2025 ETH price
estimate from $10,000 to $4,000, a drastic 60% reduction.
Geoff Kendrick, the bank’s global head of Digital Assets
Research, said, “We expect ETH to continue its structural
decline.”
“Layer 2 blockchains were meant to improve ETH
scalability, but we estimate that Base (a key layer 2) has removed
USD 50bn from ETH’s market cap.”
Kendrick cited lower ETH fees, a “higher net issuance,” and
layer 2 blockchains “taking Ethereum’s GDP” as an unexpected result
of the Dencun upgrade.
Adding to their observation of Base absorbing Ethereum’s fee
revenue, Kendrick said,
“In particular, Base — a layer 2 that was developed to
address the problem of scalability on Ethereum— is passing all the
profit (fee revenue minus data recording fees) it extracts to
Coinbase, its corporate owner.”
Related: Long-term Ethereum accumulation could unwind if
ETH price falls below $1.9K — Analyst
VanEck Head of Digital Assets Research Matthew Sigel and Patrick
Bush, the firm's Senior Analyst on Digital Assets, concur with the
dim ETH price view held by many analysts. In a March 5
note to
investors, the researchers cited ETH’s decline as being “largely
due to the erosion of the core factors that once made Ethereum
valuable.”
The analysts again cited layer 2 blockchains Arbitrum and Base
as catalysts in diminishing ETH’s
fee revenue, along with the popularity of memecoin trading on
the Solana blockchain.
This article does not
contain investment advice or recommendations. Every investment and
trading move involves risk, and readers should conduct their own
research when making a decision.
...
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