The decline in the Ether (ETH) structure is expected to continue.
Standard Charter says it has now seen Ether at $4,000 at the end of the year, down from $10,000 before. Ether traded about $1,903 at publication time.
The report said: “Ether is at a crossroads and while it still dominates several indicators, this dominance has declined for some time.
Level 2 Blockchain is designed to improve the scalability of the Ethereum blockchain, but the standard license estimate is Coinbase (coin) according to It cuts Ether’s market cap by $50 billion and says it hopes that the trend will continue.
Market forces may eventually stop this structural decline, especially if tokenized real-world assets are about to grow significantly,” because “ETH’s security advantage means it should maintain 80% of its market share,” said Geoff Kendrick, head of standard assets research at the Standard Charter.
Nevertheless, “Only positive changes in the direction of business can be achieved from the Ethereum Foundation (such as Tier 2) and that can be achieved now.”
Charted Charter said it expects the ETH/BTC ratio to fall to 0.015 by the end of 2027, the lowest level since 2017.
The bank still believes that the ether price recovers from its current levels by around $1,900, as Bitcoin (BTC) rally is expected to cancel all digital assets, but cryptocurrencies’ underperformance will continue.
Read more: Ethereum is not performing well, but the total value of locked on Ethereum is rising: Citi
