Standard Chartered lowered its 2026 Ethereum price target by 47% to $4,000, citing a cyclical setback as ETH fell below $1,800. Despite this near-term cut, the bank maintains its long-term 2030 target of $40,000, expecting a recovery after a potential bottom near $1,400. The revision reflects broader crypto market pressures, with similar cuts to Bitcoin targets and ongoing Ethereum ETF outflows. The bank compares the current ETH slump to Amazon's 2001 crash, viewing it as a temporary washout rather than a structural failure, leaving room for a sharp rebound if market conditions improve.
The cryptocurrency market experienced a sharp crash in early June, wiping out about $250 billion in value as Bitcoin fell 17% and Ethereum dropped 14%, reaching its lowest price in over a year. This sell-off was driven by massive liquidations, especi...
In 2026, Ethereum's price dropped about 32%, significantly more than Bitcoin's 11% decline, driven by weaker demand for Ethereum ETFs compared to Bitcoin's strong ETF inflows. Ethereum's higher risk profile, persistent whale selling, and competition ...
Bitcoin fell sharply to the $60,000 range on June 3-4, triggering $1.76 billion in liquidations mainly from long positions. The decline was driven by sustained outflows from spot Bitcoin ETFs and worsening macroeconomic conditions, including rising i...
Ethereum's price has fallen about 65% from its 2025 peak, currently hovering near $1,700 at a critical support level within a long-term symmetrical triangle pattern. This pattern suggests a major move is imminent: if Ethereum holds this support, it c...
Bitcoin briefly dropped to $61,300 before recovering to around $62,500, triggering $3 billion in liquidations over two days. Derivatives markets show strong bearish sentiment, with increased put option activity at the $60,000 strike and rising implie...
