Standard Chartered has indeed reduced its price target for Ethereum (ETH) by the end of 2025 from $10,000 to $4,000. This has been confirmed by several reliable sources, such as Decrypt, Crypto News, and The Block, which published reports on this on March 17, 2025.
Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered, stated that the main reason for the $50 billion reduction in Ethereum's market cap is the layer-2 networks, especially Base (which is supported by ). These layer-2 networks are reducing fees on Ethereum's main network, thereby affecting its value. He also estimated that if the Ethereum Foundation does not take measures like taxes on layer-2 networks, this 'structural decline' could continue until 2027.
However, it is important to note that this price target is an estimate, and the crypto market is very volatile. Some other sources, such as Crypto News, have suggested that the average price of ETH for 2025 could be $4,175 and a high of $5,050, which is slightly higher than Standard Chartered's target. But Standard Chartered's revised prediction is accurate and is based on the current market conditions, such as the increasing influence of layer-2 networks and Ethereum's relative weakness (especially compared to Bitcoin).
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