Goldman Sachs slashes 2025 Bitcoin price forecast by 40% to $23,000

Standard Chartered Drops 2025 ETH Price Estimate by 60% to $4,000

Global banking giant Standard Chartered has significantly reduced its estimate for the price of Ether (ETH) in 2025, citing market volatility and the ongoing bear market.

In a recent report, Standard Chartered analysts lowered their price target for ETH from $10,000 to $4,000, a 60% decrease. The revised estimate is based on the assumption that the cryptocurrency market will continue to experience volatility in the coming years.

The report notes that the decline in ETH's price is largely driven by the ongoing bear market, which has seen the value of many cryptocurrencies plummet. The analysts also point to the lack of significant adoption and use cases for ETH as a contributing factor to the reduced price estimate.

Despite the reduced price target, Standard Chartered analysts remain bullish on the long-term potential of ETH, citing its strong fundamentals and potential for increased adoption in the years to come.

The reduced price estimate is a blow to ETH holders, who have been counting on the cryptocurrency's value to increase in the coming years. However, the report also serves as a reminder of the volatility of the cryptocurrency market and the need for investors to be prepared for market fluctuations.

In related news, the report also notes that the price of Bitcoin (BTC) is expected to remain stable in the coming years, with Standard Chartered analysts estimating a price target of $25,000 by 2025. The report concludes that while the cryptocurrency market may experience further volatility in the coming years, the long-term potential of ETH and other cryptocurrencies remains strong.