Ethereum price is over 52% down from its December 2024 high to $ 4,107 and data from Tradingview shows ETH (Eth) down 42% since the beginning of 2025.
Despite being one of the biggest cryptocurrencies by market capitalization and holding the dominant area as the web3 and defi leader, many analysts believe that ETH price prospects remain fierce in the short term.
Crypto Analyst and Chartered Market Technician Askel Kibar warned entrepreneurs against the ETH prices are trading in a discount based on how far it is from the average trade price.
In X, Kibar Explained The “bottom reversal takes time” given that “all that supplies need to be accumulated.”
ETH/USD Daily Chart. Source: X / ACKEL KIBAR
Refer to the chart above, Kibar said,
“Those who want to see the ETH Outperform BTC need to see similar price action during the 2018-2020 period. After an expansion of the downtrend price formed a double bottom of late in 2019. Then it appeared on a larger scale of H&S Bottom Reversal.”
Currently, the ETH chart does not show any kind of bottom formation, leading Kibar to compare the trade with Ethereum with “catching a falling knife.”
Standard Chartered Chops 2025 ETH Price at $ 4,000
Standard Chartered was added to DIM Outlook by a March 17 client letter, changing their end of the 2025 ETH price estimate from $ 10,000 to $ 4,000, a violent 60% cut.
Geoff Kendrick, the global research leader of Digital Assets, said, “We hope that ETH will continue to collapse its structure.” Adding that:
“Layer 2 blockchains are intended to improve ETH scalability, but we estimate that the base (a main layer 2) has removed USD 50BN from the ETH market cap.”
Kendrick cited the lower ETH fees, a “higher net release,” and Layer 2’s “Blockchains” Ethereum GDP “obtaining Ethereum” as an unexpected result of Dencun upgrading.
Adding to their observation of the base absorbing Ethereum fee income, Kendrick said,
“In particular, the base – a layer 2 developed to address the problem of scalability in Ethereum – passes all income (revenue of minus data recording fees) it captures Coinbase, its corporate -owned.”
Related: Ethereum’s long-term accumulation can relax if ETH price drops below $ 1.9k-analyst
Vaneck head of Digital Assets Research Matthew Sigel and Patrick Bush, the firm’s senior analyst in digital assets, in conjunction with the dim eth price view of many analysts. On a March 5 Remember In investors, researchers mentioned the collapse of ETH as “mainly due to the erosion of the main factors that have previously been important to Ethereum.”
Analysts reiterated layer 2 blockchain arbitrum and base as catalysts in ETH fee has reduced incomeIncludes the popularity of memecoin trading in Solana Blockchain.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
