Ethereum (ETH) is down 52% from its December 2024 high and 42% year-to-date, with analysts warning of continued bearish momentum. Standard Chartered bank recently slashed its 2025 ETH price forecast from $10,000 to $4,000, citing reduced fee revenue due to Layer 2 solutions like Base. VanEck analysts also highlight Ethereum’s declining value proposition, as Layer 2 networks and Solana-based memecoins erode its dominance in DeFi and Web3. Source: Cointelegraph
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