Altcoins News
By James Thorp
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The Impact of Coinbase's Base Layer 2. The primary reason behind this sharp revision in Ethereum’s price forecast is the increasing…
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Ethereum’s Recent Struggles. The report from StanChart also pointed to Ethereum’s recent upgrades, including "The Merge" and…
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Comparing Ethereum’s Performance to Other Assets. When compared to other major assets, Ethereum’s performance has been lackluster.
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What Lies Ahead for Ethereum?. The future of Ethereum remains uncertain. While Ethereum has made strides in upgrading its network…
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Ethereum (ETH) is facing significant challenges as Standard Chartered (StanChart) has downgraded its 2025 price target for the cryptocurrency from $10,000 to $4,000.
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The primary reason behind this sharp revision in Ethereum’s price forecast is the increasing dominance of Coinbase’s Base Layer 2 (L2).
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Layer 2 solutions like Base are designed to offer scalability and faster transaction speeds by handling transactions off-chain before settling on the Ethereum mainnet.
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Kendrick proposed a solution in the form of a “super tax” on Layer 2 platforms, particularly Base, to rein in the profits flowing outside Ethereum’s mainnet.
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The report from StanChart also pointed to Ethereum’s recent upgrades, including "The Merge" and "Dencun," as contributing factors to its weakened market position.
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One of the most telling signs of Ethereum’s underperformance is its ETH/BTC ratio, which recently hit a five-year low of 0.22.
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When compared to other major assets, Ethereum’s performance has been lackluster. Quinn Thompson, Founder of Lekker Capital, a macro-focused crypto venture firm, noted that…
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Greg Magadini from Amberdata also pointed to Ethereum as a prime candidate for short selling.
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The future of Ethereum remains uncertain. While Ethereum has made strides in upgrading its network and transitioning to a more scalable and energy-efficient model, the rise of…
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Whether Ethereum can regain its footing and achieve long-term growth depends on how effectively it can adapt to the evolving blockchain ecosystem.
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