Standard Chartered has significantly revised its price estimate for Ethereum (ETH), lowering its end-of-2025 forecast from $10,000 to $4,000, reflecting a 60% reduction. This adjustment is part of a broader pessimistic outlook on ETH's performance, as the cryptocurrency has seen a decline of over 52% from its December 2024 peak. Geoff Kendrick, the bank's global head of Digital Assets Research, highlighted issues such as increased supply, reduced transaction fees, and competition from layer 2 blockchains as reasons for the downgrade. Analysts warn that trading ETH may be akin to 'catching a falling knife,' suggesting current market conditions are unfavorable for recovery. Furthermore, layers like Base have impacted Ethereum’s market cap by $50 billion, diverting fee revenue and diminishing ETH's core value. Market analysts emphasize that ETH's price action resembles a protracted downtrend without any signs of bottoming out, raising concerns about its prospects in the near term.

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