Ethereum To $4,000? Standard Chartered Lowers Expectations

Ethereum, just like the broader crypto market, has skilled a pointy drop in worth in current weeks. From a excessive of $3,352 firstly 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. Ether’s greater image, it’s down 47% from final yr’s worth.

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If we go by the most recent analyses and observations from commentators, Ether’s worth correction will possible be prolonged. The altcoin is going through an enormous bearish wave, with loads of market elements undermining its worth efficiency.

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

Information: Normal Chartered slashes ETH worth 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 at the moment in a worth hunch, and plenty of consultants count on a a lot deeper dive within the subsequent few weeks. Ether’s worth is at the moment floating above the $1,900 degree because it continues its bearish worth actions.

Analysts use the MACD indicator to confirm and make sure the asset’s bearish sentiment. Additionally, the asset’s transferring averages recommend a impartial development and attainable worth consolidation.

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

— LVelarde (@0xvelarde) March 17, 2025

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

Normal Chartered Cuts Worth Estimates For Ethereum

Even a number of the greatest banks, like Normal Chartered Financial institution, are lowering their expectations of Ethereum. From a excessive of $10,000, the financial institution is decreasing its worth goal to simply $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 general 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 challenge has price Ethereum $50 billion from its market cap. Based on Geoff Kendrick, Normal Chartered analyst, Ethereum’s losses will proceed as Base’s dominance within the trade 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 Tackle Its Slide

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

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

Featured picture from Bloomberg, chart from TradingView