Ethereum prices are $4,107, over 52% from the December 2024 high, with TradingView data showing that ETH (ETH) has declined by 42% since its launch in 2025.
Despite being one of the biggest cryptocurrencies by market capitalization and holding the dominant spot as the leader in Web3 and Defi, many analysts believe ETH’s price outlook remains tight in the short term.
Crypto Analyst and Chartered Market Technician Askel Kibar warned traders on the assumption that ETH prices will be traded at a discounted price based on how far they are from the average trading price.
In X, Kibal explained that “the bottom flip takes time.”
ETH/USD daily chart. Source: X/Aksel Kibar
Looking at the chart above, Kibal said
“Those who want to see ETH, those who are better than BTC should see similar price action as in the 2018-2020 period. After the price of the extended downtrend formed a double bottom in late 2019, it became a massive H&S bottom inversion.”
Currently, ETH charts do not show any kind of bottom formation, so Kibal leads Ethereum to compare it to “catch a falling knife.”
Standard Charter Chop 2025 ETH Prices to $4,000
Standard Chartered was added to Dim Outlook via a client letter on March 17th.
“We hope ETH will continue to decline in structure,” said Jeff Kendrick, the bank’s global digital assets research director.
“The Layer 2 blockchain was meant to improve ETH scalability, but we estimate that the base (key layer 2) has removed US$5 billion from ETH’s market capitalization.”
Kendrick cited lower ETH fees, “higher net issue” which is “higher net issue” to “get Ethereum GDP,” and the Layer 2 blockchain as an unexpected result of the DenCun upgrade.
In addition to observing base absorbing Ethereum fee revenue, Kendrick said:
“In particular, the Base – Layer 2, developed to address the scalability issues of Ethereum – is passing all profits (deducting fee revenue and then data record fees).
Related: If ETH prices fall below $1.9k, long-term Ethereum accumulation could unleash – Analysts
Matthew Sigel, Vaneck Head of Digital Asset Research, and Patrick Bush, senior digital asset analyst, agree with the dimly lit ETH price views held by many analysts. In a March 5 memo to investors, researchers cited the decline of ETH as “mainly due to erosion of Ethereum of a valuable core factor.”
Analysts again cited Layer 2 Blockchain Optional and Base as a catalyst that reduces ETH fee revenue, along with the popularity of MemeCoin transactions on the Solana blockchain.
