🔥 Standard Chartered Lowers Ethereum Price Target to $4,000! 🔥

Standard Chartered Bank shocks the market by cutting its price target for Ethereum (ETH) for this year from $10,000 to $4,000. This drastic reduction is triggered by intense competition from Layer 2 networks, such as Base, which reportedly has slashed Ethereum's market capitalization by up to $50 billion!

💥 What Happened?

According to Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered:

Layer 2 is increasingly dominating, taking over most of the profits from the Ethereum ecosystem.

The revenue of the main Ethereum network has drastically decreased as activity shifts to cheaper and faster Layer 2 solutions.

The ETH/BTC ratio is predicted to continue declining, potentially reaching its lowest level since 2017 if Ethereum does not adapt.

✨ What Does This Mean for Investors?

Although Ethereum still excels in some metrics, the threat from Layer 2 is becoming more real. Investors need to monitor:

Developments in Layer 2 projects such as Arbitrum, Optimism, Base.

Innovations and strategies from the Ethereum Foundation moving forward.

The potential for ETH prices to correct further — or rebound if there is a new breakthrough!

👉 In your opinion, is this the end of Ethereum's dominance, or is it a buy the dip opportunity? 💪

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