This is an alarming development, especially for the cryptocurrency with the second highest market cap. Standard Chartered Bank dropped the price of Ethereum (ETH), 2025, to only $4,000. Bank has slashed its Ethereum (ETH) 2025 price target to only $4,000.
The bank cited several factors including Base’s increasing market share. Analysts from the institution estimate Base has removed 50 billion dollars of Etheeum’s value. After a worrying start to 2018, things do not look good for ETH.
Standard Chartered Bank to Cut Thousands of Jobs $ETH Year-end Price Target by 60%, from $10,000 to $4,000
— Watcher.Guru (@WatcherGuru) March 17, 2025
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Standard Chartered Bank Cuts Ethereum’s Price Target by 60% to $4,000.
The cryptocurrency market was a hot topic of discussion among finance professionals at the beginning of the year. Standard Chartered is probably the best known of them. Bank Standard Chartered was expecting big things out of the top asset Bitcoin. They projected that the token’s value would be at least a $500,000 price Before US President Donald Trump leaves his office in four year’s time.
The crypto market has been struggling ever since. The asset class has stagnated due to increased financial insecurity and geopolitical concerns. The competition in the sector has increased due to the potential for favorable regulations. It may have been a combination of factors that led to the demise of one asset. Standard Chartered cut their Ethereum price forecast for 2025, which now only sits at $4,000.
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The bank analysts reduced it to $8,000 and cited a number of sources including Base’s increased market share, which is a layer-2. Standard Chartered Global Head of Digital Asset Research, “Layer 2s in general, and Base specifically, extract super-profits out of the Ethereum ecosystem. Geoffrey Kendrick, said.
Base, the dominant layer 2, has reportedly removed 50 billion dollars of Ethereum’s market value.” he added. Moreover, he noted that Ethereum has “The commoditized self” in the Layer-2 framework. Specifically, a growing share of transaction fees are now bypassing the layer 1 chain, Kendrick explained
“If governments tax Layer 2 superprofits the way they do foreign mining companies, then that would be a solution. If that doesn’t happen, ETH/BTC prices will continue to fall,” Kendrick said.
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Source: watcher.guru
