Standard Chartered Bank has lowered its target price for ETH at the end of 2025 from $10,000 to $4,000

ChainCatcher news, Standard Chartered has significantly lowered its price target for ETH at the end of 2025 from $10,000 to $4,000 in its latest research report, believing that Ethereum is facing structural decline. Standard Chartered pointed out that this decision was made based on the following points:

1. L2 expansion weakens ETH market capitalization: Layer 2 (L2) solutions originally intended to enhance Ethereum's scalability, such as Coinbase's Base, have led to a $50 billion evaporation of ETH market capitalization and may continue to affect its market dominance; additionally
2. ETH/BTC ratio expected to continue declining: Standard Chartered expects the ETH/BTC ratio to drop to 0.015 by the end of 2027, marking the lowest level since 2017.
3. Future growth may depend on RWA: If the tokenization of real-world assets (RWA) develops rapidly, ETH may still maintain its 80% market share in security, but the Ethereum Foundation needs to adopt more aggressive business strategies (such as taxing L2), though this possibility is low.