Ethereum Price Falls As StanChart Backs ETH Treasuries Vs BTC

Ethereum Price Falls As StanChart Backs ETH Treasuries Vs BTC

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ETHEREUM price 2 % in the past 24 hours of trading has decreased at $ 4,512 as of 4.30 in the morning of the United States, a 6 % decrease in trading volume to $ 31.87 billion.

This decline comes at a time when Standard Charterd says that ethereum cabinets may outperform their competitors in Bitcoin.

The Standard Charted report said that ETHEREUM C ward has strong growth capabilities, with the support of continuous network promotions that improve expansion and ease of use.

He added that the ETHEREUM and Solana Treasury companies have an advantage over Bitcoin because they can offer vibrant bonuses, and said that the Treasury market in Bitcoin is already saturated with about 90 competitors with 150,000 BTC, six times more than the beginning of the year.

“We believe that ETH and Sol Dats should set MNAVS higher than BTC Dats due to the return on the return,” he said.

Citigroup warns of a possible decrease

In addition to the discussion, Citigroup expects that ETH will drop to about $ 4,300 by the end of the year in its basic symbol, and $ 2,200 in its worst cases.

It indicates the weakening of the activity on the base layer, indicating that about 70 % of its activity is on the second layer solutions.

This opinion highlights the risks that investors must take into account despite the strong ethereum basics and positive technical signals. Monitoring $ 4,300 and $ 4,600 will be the key of ETH price movements.

Although optimism remains about the role of Ethereum in the long term in Blockchain and Defi, short -term challenges can bring some price fluctuations as the market deals with external pressure.

ETH Price: Data on the series reflects confidence

Data on the series supports the idea that Ethereum has strong foundations. More ETH transports the stock exchanges, which means that investors prefer to keep coins in personal portfolios instead of selling. This reduces the risk of sudden low prices because the number of less coins in the market.

In addition, number Active ethereum wallet The titles and daily transactions remain HighShow the fixed network use.

This continuous activity indicates adoption and strong use, giving investors confidence that the price of Ethereum should carry and may rise over time.

ETH Price: Technical Analysis shows a field of growth

Technically, Ethereum carries a decisive support level just less than $ 4,600. The weekly price scheme He appears The emerging direction channel, which is characterized by its highest level, indicates a continuous upward momentum.

Ethereum price

Ethusd analysis source: tradingview

The RSI is approaching 66, which indicates a positive momentum, but it warns of a possible decline in the short term because it approaches the level of peak.

The MACD is still upward, with the MACD line at the top of the signal line. This confirms that buyers control even simple corrections.

The average trend index (ADX) is about 33, indicating a somewhat strong direction and leaving space for more upward movement.

The following resistance to view is approaching $ 4,950. If Ethereum penetrates this resistance, it may pay to $ 5200 or higher. On the downside, support between $ 4,400 and $ 4,500 should be a safety net, as buyers can intervene and defend the upward trend.

Ethereum Price: Long -term outlook is still positive

The current price decline appears by 2 % as if it is a healthy stop amidst an upward trend of ETHEREUM.

Standards on the series emphasize strong use and patterns by investors. Ethereum remains within an upward channel with fixed support levels, making it in a good position to make future gains.

The role of Ethereum as a leading platform in Blockchain, with the support of increased institutional confidence and solid network activity, makes it an attractive advantage of growth.

The short -term fluctuations are normal, but the largest image of Ethereum is still optimistic with the possibility of more upward movement in 2025 and beyond.

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