Ethereum’s Price Plunge: Is $4,000 the New $10,000? 🤔💸

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<a href="https://zarusd.com/eth-usd/">Ethereum</a>‘s Price Plunge: Is $4,000 the New $10,000? 🤔💸

Ah, Ethereum! Once a shining beacon of hope in the crypto cosmos, now it finds itself in a rather unfortunate predicament. From a lofty perch of $3,352 at the dawn of 2025, it now languishes around the $1,800 to $1,900 mark. A staggering 47% drop from last year’s glory days! Who knew digital coins could have such dramatic mood swings? 🎢

As the wise sages of finance would say, “Hold onto your hats!” because the latest gossip from the financial wizards suggests that Ether’s price correction is just getting started. A bearish wave is crashing down, and it seems the market is throwing a pity party for our dear altcoin.

In a shocking twist, Standard Chartered has decided to play the role of the party pooper, slashing its price prediction by a whopping 60%! Yes, you heard that right. From a dazzling $10,000 to a mere $4,000! Apparently, Layer-2 networks like Base are the culprits, having siphoned off a staggering $50 billion from Ethereum’s market value. Talk about a financial heist! 🏦💰

News: Standard Chartered slashes ETH price target!

The bank cuts its 2025 ETH forecast from $10K to $4K, blaming Layer-2 networks like Base, which they say has drained $50B from Ethereum’s market value. #Ethereum #ETH #Crypto #Layer2 #Base #Blockchain

— Andres Meneses (@andreswifitv) March 17, 2025

Ethereum Faces A Descending Channel

Currently, Ethereum is in a price slump that would make even the most stoic of investors weep. Floating just above the $1,900 mark, it seems to be on a downward spiral that experts predict will only deepen. The MACD indicator is waving a red flag, confirming the asset’s bearish sentiment. How delightful! 😒

As if that weren’t enough, the moving averages are suggesting a neutral trend, which is just a fancy way of saying, “We’re not sure what’s happening, but it’s probably not good.”

Ethereum (ETH) remains in the correction zone today, trading around $1,874. The price continues to move in a descending channel, indicating a possible continuation of consolidation. Moving averages confirm the neutral trend: the price is holding below the 50-day and 200-day MA,…

— LVelarde (@0xvelarde) March 17, 2025

According to our friend “LVelarde,” Ether is still following that pesky descending channel, suggesting it’s consolidating below its 5-day and 200-day moving averages. Traders are on the edge of their seats, waiting for either a rejection or a breakout. Since it fell below $2k, the mood has been decidedly gloomy, with many pondering the future of this once-mighty coin.

Standard Chartered Cuts Price Estimates For Ethereum

Even the titans of finance, like Standard Chartered Bank, are lowering their expectations for Ethereum. From a high of $10,000, they’ve decided to bring it down to a humble $4,000, citing the pesky Layer 2s as the reason for this financial fiasco.

The bank elaborated that changes to the blockchain, such as its shift to proof-of-stake and scaling roadmap, have impacted its overall value. Who knew that progress could be so detrimental? 🤷‍♂️

Standard Chartered pointed to Coinbase’s Base Layer 2 as a prime example, claiming it has cost Ethereum a staggering $50 billion from its market cap. Geoff Kendrick, the bank’s analyst, has dubbed this the blockchain’s “midlife crisis,” suggesting that Ethereum’s chain has become a mere commodity in the Layer 2 framework.

Things Ethereum Can Do To Address Its Slide

According to Kendrick, Ethereum has two options to address its downward spiral. First, it can leverage its security-based dominance in the tokenization of real-world assets (RWA). If Ethereum focuses on security, it might just cling to its 80% market share.

Second, it could charge taxes for its Layer 2s, but let’s be real—who wants to pay taxes on

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2025-03-19 06:07