Banking Giant’s Wild Ethereum Rollercoaster: From $10K to $4K!

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Well, well, well! It seems our good friends at Standard Chartered have taken a mighty leap off the high dive, only to belly flop into the shallow end of the Ethereum pool. They’ve slashed their 2025 price target for Ethereum (ETH) from a lofty $10,000 down to a mere $4,000. Talk about a dramatic fall from grace! 🎢

According to their latest report, Ether finds itself in a bit of a pickle, all thanks to the rise of those sprightly layer-2 solutions, like Coinbase’s Base. It’s like watching a turtle race against a hare, and let me tell you, the turtle is not winning this time! 🐢💨

Now, they say that taxing these layer-2s could turn the tide, but let’s be honest, the chances of that happening are about as likely as a cat learning to swim. 🐱💦

Even at $4,000, it still means that this flagship cryptocurrency might just double its price this year. According to CoinGecko, it’s currently trading at $1,911, having taken a little tumble of nearly 5% over the past week. It’s like watching a drunk sailor trying to walk a straight line! 🍺

But hold your horses! Standard Chartered is still as bearish as a grizzly in winter when it comes to the ETH/BTC pair. They predict that our dear altcoin will continue to lag behind Bitcoin, possibly plunging to levels we haven’t seen since 2017. Yikes! 😱

And just to add a cherry on top of this financial sundae, they’ve also predicted that Bitcoin could reach a staggering $200,000 this year. And if that’s not enough to make your head spin, they foresee it soaring to a jaw-dropping $500,000 in the long run. Now that’s what I call a wild ride! 💰🚀

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2025-03-17 20:00