The entire market has collapsed, and Ethereum plummeted 6% overnight! Institutions previously called for $7,500, is it a scam or an opportunity?
(If you understand, remember to like and follow, so you won't get lost in the volatile market!)
The recent decline is mainly due to disappointing PPI data, raising market concerns about interest rate cuts, which has cooled the market. However, the expectation for a 25 basis point rate cut remains unchanged. The fundamentals of BTC and ETH have also not changed. If you believe that we are still in a bull market, then the correction will ultimately lead to a rise.
According to Standard Chartered's latest forecast, Ethereum's price will challenge the historical high of $4,866 in the third quarter of 2025, which is the current key resistance level. If it successfully breaks through, it will open up upward space, with the year-end target price significantly raised to $7,500, up from the original forecast of $4,000. The future path is expected to be: $12,000 by the end of 2026, $18,000 by the end of 2027, and rising to $25,000 in 2028-2029.
Key support and resistance levels revealed by technical analysis suggest price possibilities: a short-term range of $3,600 to $3,800, with institutions providing strong support. A breakout above $4,866 is needed for upward movement, and if established, the mid-term target points to $6,000 to $6,500.
Three major fundamental drivers reinforce the trend: explosive institutional demand, regulatory dividends for stablecoins, and technological upgrades. Although short-term leverage risks may trigger a correction, Ethereum's 'digital oil' attribute will support a long-term value reassessment. If the technical level holds the structural support at $3,500, then the $25,000 target for 2028 is attainable!
