Bank analysts have revised their expectations, lowering ETH’s target price by the end of 2025 from $10,000 to $4,000. They attribute this to a structural decline and the growing influence of L2 solutions like Base, which has already “taken” $50 billion in market cap from the Ethereum network
The bank believes Ethereum can recover, but only if the Ethereum Foundation introduces a tax on L2 solutions or takes other corrective measures
The ETH/BTC ratio is projected to drop to its lowest level since 2017