In what is truly a development for the second largest cryptocurrency after market cases, Default chartered The bank has lost its Ethereum (ETH) 2025 price target to just $ 4,000. In fact, the move has seen the bank cut out the projection by 60%and dropped from its previous $ 10,000.
The bank pointed out several factors, including the growing market share for the base. In addition, the institution’s analysts have estimated that the base has already removed $ 50 billion from Etheeum’s market value. After a start to the year, things do not look much better for ETH.
Only in: default chartered bank cut $ Price case for the end of the year with 60% from $ 10,000 to $ 4,000.
– watcher.guru (@watcherguru) March 17, 2025
Ethereum price target cut by 60%, drops to $ 4,000 by Standard Chartered Bank
When he entered the year, there was no shortage of finance experts who were Hausse in the Cryptocurrency market. Maybe the manager was among them standard chartered. The bank expected great things from the leading asset, Bitcoin. Specifically, they project that token would reach a Price of $ 500,000 Before US President Donald Trump leaves his office in four years.
Since then, the crypto market has struggled. Increased economic uncertainty and geopolitical anxiety have the asset class stagnant. However, the increase in potentially favorable regulation has seen competition within the industry’s increase. It may have created a perfect storm for decimating a specific asset. In fact, Standard Chartered has lowered its price case for Ethereum for 2025 by 60%, as it is now just $ 4,000.
Also read: Ethereum ETH crashes below $ 1,800. What is the next for ether?
“We estimate that the base (the dominant layer 2) has removed $ 50 billion in the Ethereum market case alone,” he added. He also noted that Ethereum has “commodied himself” in the frame-2 framework. Specifically past a growing proportion of transaction fees now the stock 1 chain, Kendrick explained
“The solution would be to estimate Layer 2 Super winnings in the same way that governments sometimes map super taxes for foreign-owned mining companies. If that does not happen, ETH-BTC will continue,” Kendrick concluded.
