以太坊刚刚对其前景大受欢迎

标准特许（LSE：Stan）以市场结构下降为基础，将Ether的2025年末目标目标从10,000美元降低到仅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.

据Coindesk报道，标准包机已将Ether（Crypto：ETH）的年终价格目标从10,000美元降低到仅4,000美元，这突出了市场的结构性下降。

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.

该银行的分析师此前曾设想加密货币的价格大幅恢复，现在由于几个关键因素而降低了他们的期望。

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.

根据他们的分析，以太坊的主导地位一直在逐渐消失，其网络正在失去第2层区块链，例如Coinbase的（NASDAQ：COIN）基地，据报道，该基地已削减了Ether的市值500亿美元。

"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.

分析师说：“我们认为，除非以太坊基金会做出巨大变化，否则这种趋势可能会继续下去，例如对第2层网络提出税收，以激励用户留在主链上。”

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

分析师仍期望从当前水平恢复价格，但他们预计与比特币相比（加密：BTC）相比，以太坊的表现不佳。

"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.

他们解释说：“尽管最近的价格下跌，但我们预计，鉴于其机构的供应和持续需求有限，比特币将在未来一年继续跑赢大盘。”

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，以太坊在技术方面正在挣扎。链上的数据显示，网络活动较弱，锁定总价值降低（TVL）以及从现场以太坊ETF的连续流出。根据Coinshares的数据，在过去的一个月中，基于以太坊的投资产品总共流出了2.65亿美元，这标志着自2015年以来最糟糕的连胜纪录。

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月以来，TVL也显着下降了47％，仅为463.7亿美元。 Lido，Eigenlayer和Maker等领先的协议的存款下降急剧下降，这使得投资者质疑以太坊维持其抗拒优势的能力。

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.

图表分析师也不是乐观的，因为以太坊的价格仍固定在2,000美元以下，看跌旗的模式可能会降低到1,880美元的休息时间下降至1,530美元。这可能意味着与当前水平相比还有20％的缺点。

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

在写作时，以太坊的价格为1,917.74美元。