以太坊剛剛對其前景大受歡迎

標準特許（LSE：Stan）以市場結構下降為基礎，將Ether的2025年末目標目標從10,000美元降低到僅4,000美元。

Standard Chartered has slashed its year-end price target for Ether (CRYPTO: ETH) from $10,000 to just $4,000, highlighting structural decline in the market, CoinDesk reports.

據Coindesk報導，標準包機已將Ether（Crypto：ETH）的年終價格目標從10,000美元降低到僅4,000美元，這突出了市場的結構性下降。

The bank's analysts, who previously envisioned a significant recovery in the cryptocurrency's price, have now lowered their expectations due to several key factors.

該銀行的分析師此前曾設想加密貨幣的價格大幅恢復，現在由於幾個關鍵因素而降低了他們的期望。

According to their analysis, Ethereum's dominance has been fading, and its network is losing ground to Layer 2 blockchains, such as Coinbase's (NASDAQ:COIN) Base, which has reportedly shaved $50 billion off Ether's market cap.

根據他們的分析，以太坊的主導地位一直在逐漸消失，其網絡正在失去第2層區塊鏈，例如Coinbase的（NASDAQ：COIN）基地，據報導，該基地已削減了Ether的市值500億美元。

"We believe this trend is likely to continue unless the Ethereum Foundation makes a drastic change, such as introducing a tax on Layer 2 networks to incentivize users to stay on the main chain," the analysts stated.

分析師說：“我們認為，除非以太坊基金會做出巨大變化，否則這種趨勢可能會繼續下去，例如對第2層網絡提出稅收，以激勵用戶留在主鏈上。”

The analysts are still expecting a price recovery from current levels, but they anticipate that Ethereum will underperform compared to Bitcoin (CRYPTO: BTC).

分析師仍期望從當前水平恢復價格，但他們預計與比特幣相比（加密：BTC）相比，以太坊的表現不佳。

"Despite the recent price declines, we anticipate that Bitcoin will continue to outperform in the year ahead, given its limited supply and persistent demand from institutions," they explained.

他們解釋說：“儘管最近的價格下跌，但我們預計，鑑於其機構的供應和持續需求有限，比特幣將在未來一年繼續跑贏大盤。”

Furthermore, Ethereum is struggling on the technical side. On-chain data reveals weak network activity, declining total value locked (TVL), and continuous outflows from spot Ethereum ETFs. Over the past month, Ethereum-based investment products have seen outflows totaling $265 million, marking the worst streak since 2015, according to CoinShares.

此外，以太坊在技術方面正在掙扎。鏈上的數據顯示，網絡活動較弱，鎖定總價值降低（TVL）以及從現場以太坊ETF的連續流出。根據Coinshares的數據，在過去的一個月中，基於以太坊的投資產品總共流出了2.65億美元，這標誌著自2015年以來最糟糕的連勝紀錄。

The TVL has also dropped significantly, falling by 47% since January to just $46.37 billion. Leading protocols like Lido, EigenLayer, and Maker have seen sharp declines in deposits, making investors question Ethereum's ability to maintain its DeFi dominance.

自1月以來，TVL也顯著下降了47％，僅為463.7億美元。 Lido，Eigenlayer和Maker等領先的協議的存款下降急劇下降，這使得投資者質疑以太坊維持其抗拒優勢的能力。

Chart analysts are also not optimistic, as Ethereum's price remains pinned below $2,000, with a bearish flag pattern potentially signaling a drop as low as $1,530 if support at $1,880 breaks. This could mean another 20% downside from current levels.

圖表分析師也不是樂觀的，因為以太坊的價格仍固定在2,000美元以下，看跌旗的模式可能會降低到1,880美元的休息時間下降至1,530美元。這可能意味著與當前水平相比還有20％的缺點。

At the time of writing, Ethereum is sitting at $1,917.74.

在寫作時，以太坊的價格為1,917.74美元。