{"id":125247,"date":"2025-03-17T20:18:55","date_gmt":"2025-03-17T20:18:55","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125247"},"modified":"2025-03-17T20:18:55","modified_gmt":"2025-03-17T20:18:55","slug":"standard-chartered-drops-2025-eth-price-estimate-by-60-to-4k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125247","title":{"rendered":"Standard Chartered drops 2025 ETH price estimate by 60% to $4K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsEthereum price is more than 52% down from its December 2024 high at $4,107 and data from TradingView shows ETH (ETH) down 42% since the start of 2025.\u00a0<br \/>\nDespite being one of the largest cryptocurrencies by market capitalization and holding the dominant spot as the leader in Web3 and DeFi, many analysts believe that ETH\u2019s price prospects remain grim in the short term.\u00a0<br \/>\nCrypto analyst and chartered market technician Askel Kibar warned traders against assuming that ETH price trades at a discount simply based on how far off it is from its average trading price.\u00a0<br \/>\nOn X, Kibar explained that \u201cbottom reversals take time\u201d given that \u201c all that supply needs to be accumulated.\u201d\u00a0<br \/>\nETH\/USD daily chart. Source: X \/ Aksel KibarReferring to the chart above, Kibar said,\u00a0<br \/>\n\u201cThose of you that want to see ETH outperform BTC need to see similar price action to 2018-2020 period. After an extending downtrend price formed a double bottom late in 2019. Then it turned out to a larger scale H&amp;S bottom reversal.\u201d\u00a0<br \/>\nCurrently, ETH\u2019s chart does not show any type of bottoming formation, leading Kibar to compare trading Ethereum to \u201ccatching a falling knife.\u201d\u00a0<br \/>\nStandard Chartered chops 2025 ETH price to $4,000<br \/>\nStandard Chartered added to the dim outlook via a March 17 client letter, which revised down their end of 2025 ETH price estimate from $10,000 to $4,000, a drastic 60% reduction.<br \/>\nGeoff Kendrick, the bank\u2019s global head of Digital Assets Research, said, \u201cWe expect ETH to continue its structural decline.\u201d Adding that:<br \/>\n\u201cLayer 2 blockchains were meant to improve ETH scalability, but we estimate that Base (a key layer 2) has removed USD 50bn from ETH\u2019s market cap.\u201d\u00a0<br \/>\nKendrick cited lower ETH fees, a \u201chigher net issuance,\u201d and layer 2 blockchains \u201ctaking Ethereum\u2019s GDP\u201d as an unexpected result of the Dencun upgrade.\u00a0<br \/>\nAdding to their observation of Base absorbing Ethereum\u2019s fee revenue, Kendrick said,\u00a0<br \/>\n\u201cIn particular, Base \u2014 a layer 2 that was developed to address the problem of scalability on Ethereum\u2014 is passing all the profit (fee revenue minus data recording fees) it extracts to Coinbase, its corporate owner.\u201d\u00a0<br \/>\nRelated: Long-term Ethereum accumulation could unwind if ETH price falls below $1.9K \u2014 Analyst<br \/>\nVanEck Head of Digital Assets Research Matthew Sigel and Patrick Bush, the firm&#8217;s Senior Analyst on Digital Assets, concur with the dim ETH price view held by many analysts. In a March 5 note to investors, the researchers cited ETH\u2019s decline as being \u201clargely due to the erosion of the core factors that once made Ethereum valuable.\u201d\u00a0<br \/>\nThe analysts again cited layer 2 blockchains Arbitrum and Base as catalysts in diminishing ETH\u2019s fee revenue, along with the popularity of memecoin trading on the Solana blockchain.\u00a0\u00a0<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/standard-chartered-drops-2025-eth-price-estimate-by-60-to-4-k?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsEthereum price is more than 52% down from its December 2024 high at $4,107 and data from TradingView shows ETH (ETH) down 42% since the start of 2025.\u00a0&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125247"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125247"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125247\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125247"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}