March 17, 2025
Ether in Structural Decline, Year-End Price Target Slashed to $ 4k: Standard Charter thumbnail
Business

Ether in Structural Decline, Year-End Price Target Slashed to $ 4k: Standard Charter

Layer 2 Blockchains Were Meant to Improve Scalacy on the Ethereum Network, But Coinbase’s Base Has Reduched Ether’s Market Cap by $ 50 Billion, The Report SAID.”, – WRITE: www.coindesk.com

Layer 2 Blockchains Were Meant to Improve Scalacy on the Ethereum Network, But Coinbase’s Base Has Reduched Ether’s Market Cap by $ 50 Billion, The Report SAID. Mar 17, 2025, 1:18 PM UTC

ETHER’S (ETH) Structural Decline is Expert to Continue, Investment Bank Standard Charter (Stan) SAID IN A RESEARCH REPORT MONDAY SLASHING ITS LIR5 Cryptocurrency.

Standard Charted Said It Now Sees Ether at $ 4,000 at the end of the year, Down from $ 10,000 previosly. Ether Was Trading AROUND $ 1,903 AT PUBLICATION TIME.

“Ether is at a Crossroads,” The Report SAID, AND WHILE IT “STILL DOMINATES ON SEVERAL METRICS,” This Dominance Has Been Falling for Some Time.

Layer 2 Blockchains Were Meant to Improve Scalacy on the Ethereum Blockchain, But Standard Charterned Estimates that Coinbase’s (Coin) Base Has Reduced Ether’s Market Billion, $ 50 Billion, Continue.

Market Forces Could Eventualally Stop This Structural DECLINE, “ESPECILY IF TOCENized REAL-WORLD assets Were to grow signitificantly,” as “ETH’ ETH’ALES DOMANCEMINANCE MEANSCY MEANSE This Market, “Wrote Geoff Kendrick, Head of Digital Assets Research at Standard Charter.

Still, “Only a Proactive Change of Commercial Direction from the Ethereum Foundation – Such As Taxing Layer 2s – Could Achiev That Now,” Which The Bank Said Was Unlikely.

Standard Charted SAID ITS ETH/BTC Ratio to Decline to 0.015 by Year-End 2027, The Lowest Level Since 2017.

The Bank Still Sees A Recovery in the Ether Price from the Current Level AROUND $ 1,900, as A Rally in Bitcoin (BTC) is expecified to Lift All Digital Assets, But the CrypToCurre.

Read More: Ether HAS UnderFORMED, BUT TOTAL VALUE Locked On Ethereum Is Rising: Citi

Will CannyWill Canny Is An Experienced Market Reporter with a demonstrated History of Working in the Financial Services Industry. He’s Now Crypto Beat As A Finance Reporter at Coindesk. HE OWNS more than $ 1,000 of Sol.

X Icon

Picture of Coindesk Author Will Canny

Related posts

US Retail Sales Miss: 0.2% Growth Fuels Fed Rate Cuts Bets and Reshaps Market Outlook

unian ua

US Treasury Secretary Bessent Calls Corrections Normal, Suggesting A Higher Pain Threshold for the ‘Trump Put’

unian ua

Despite the United States’s judicial ban deported hundreds of Venezuelan

unian ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More