Ethereum To $4,000? Standard Chartered Lowers Expectations

Ethereum, just like the broader crypto market, has skilled a pointy drop in worth in latest 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. Taking a look at Ether’s greater image, it’s down 47% from final 12 months’s worth.

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

One important issue is Commonplace Chartered’s latest resolution to chop its worth prediction by 60%, confirming market expectations.

Information: Commonplace 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 present in a worth droop, and plenty of consultants anticipate a a lot deeper dive within the subsequent few weeks. Ether’s worth is at present floating above the $1,900 stage because it continues its bearish worth actions.

Analysts use the MACD indicator to confirm and ensure the asset’s bearish sentiment. Additionally, the asset’s shifting averages recommend a impartial pattern and potential worth consolidation.

Ethereum (ETH) stays within the correction zone as we speak, buying and selling round $1,874. The worth continues to maneuver in a descending channel, indicating a potential continuation of consolidation. Shifting averages verify the impartial pattern: the value 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 shifting averages, with merchants searching for potential rejection or breakout. Because it fell under $2k, sentiments have been typically bearish, with many questioning its future worth tendencies.

Commonplace Chartered Cuts Value Estimates For Ethereum

Even a few of the greatest banks, like Commonplace Chartered Financial institution, are decreasing 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.

Commonplace 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, 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 change into a commodity with its Layer 2 framework.

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Issues Ethereum Can Do To Handle Its Slide

Based on Kendrick, Ethereum can handle 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 keep its 80% market share.

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

Featured picture from Bloomberg, chart from TradingView