$ETH Standard Chartered has recently revised its price forecast for Ethereum in 2025 down to $4,000 from $10,000, citing the increasing market share of Layer 2 solutions like Base. The bank estimates that Base – currently the largest Layer 2 platform – has reduced Ethereum's market capitalization by $50 billion. However, this analysis may not be entirely convincing. Base, although a Layer 2, still relies on Ethereum to ensure security, process transactions, and use ETH to pay fees. Ethereum is also continuing to upgrade to improve scalability. Meanwhile, Layer 2 solutions are attracting more users and developers into the Ethereum ecosystem.

source: thuancapital