Ethereum price is fighting to hold psychological ground as sellers have successfully pushed the asset below the $2,000. A deeper flush is already in motion?
Standard Chartered Bank has reiterated its bullish long-term thesis, projecting ETH at $4,000 this year, though the bank simultaneously warns that a drop toward $1,400 could precede that move. The bank also cut its prior peak target from $10,000, citing competitive pressure from Layer-2 networks, but maintained a $40,000 ETH price target for 2030 under a strong adoption scenario.
Derivatives data show elevated open interest clustered near current support levels, a volatile setup. Can ETH break the downtrend?
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