Banking giant Standard Chartered has significantly reduced its Ethereum price target for 2025. The expected price is now only $4,000 compared to the previously predicted $10,000.
Reduction in Ethereum Price Forecast
Standard Chartered has dramatically lowered its 2025 price forecast for Ethereum from $10,000 to $4,000, driven by market changes and the emergence of robust solutions.
Reasons for Forecast Revision
According to the bank's recent report, Ether has found itself in a challenging position due to the growth of popular layer-2 solutions such as Coinbase's Base. Taxing layer-2s could potentially reverse this decline, but the probability of such a measure being implemented is low.
Comparison with Bitcoin Forecasts
Despite the reduction in Ethereum's forecast, Standard Chartered predicts significant growth for Bitcoin, up to $200,000 this year and $500,000 in the long term, highlighting their bearish stance on the ETH/BTC pair.
Standard Chartered's forecasts show a cautious approach toward Ethereum and optimism for Bitcoin, which could impact the cryptocurrency market in the coming years.
