Standard Chartered Predicts Bitcoin's 'Inevitable' Slump in 2025

Ethereum Price Enters Structural Decline, Warns Standard Chartered

In a worrying sign for the cryptocurrency market, Ethereum's price has entered a structural decline, according to a report from Standard Chartered. The bank's analysts have identified a series of bearish indicators that suggest the second-largest cryptocurrency by market capitalization is poised for a prolonged period of weakness.

The report highlights a number of key metrics that have been trending downward for Ethereum, including its relative strength index (RSI), which has fallen below 30, a level typically associated with oversold conditions. Additionally, the cryptocurrency's moving averages have converged, indicating a loss of momentum and a lack of clear direction.

Furthermore, Standard Chartered's analysts point to a series of bearish chart patterns, including a "head and shoulders" formation, which is often a precursor to a significant decline. The bank's analysts also note that Ethereum's price has failed to break above a key resistance level at $220, a development that suggests the cryptocurrency is struggling to gain traction.

The report concludes that Ethereum's structural decline is likely to be prolonged, with the cryptocurrency facing significant headwinds in the form of regulatory uncertainty, increased competition from other cryptocurrencies, and a lack of clear use cases for its blockchain technology.

"Ethereum's price action has been bearish for some time now, and we believe this structural decline is likely to persist in the coming months," said a Standard Chartered analyst. "We would advise investors to exercise caution and avoid taking on new positions in the cryptocurrency until the market fundamentals improve."

The news is likely to be greeted with concern by Ethereum investors, who have seen the cryptocurrency's price fall by over 50% in the past year. The decline has been attributed to a range of factors, including increased competition from other cryptocurrencies, regulatory uncertainty, and a lack of clear use cases for Ethereum's blockchain technology.