Ethereum Price Falls As StanChart Backs ETH Treasuries Vs BTC

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Ethereum prices fell 2% in the last 24 hours, with trading volume down 6% at $4,512 as of 4:30am on EST, and trading volume down to $31.87 billion.

The DIP says Standard Chartered says that Ethereum treasury firms could be better than their Bitcoin rivals.

According to a standard chartered report, the Ethereum Treasury Company says there is strong growth potential supported by ongoing network upgrades that improve scalability and ease of use.

Furthermore, the Treasury Department of Ethereum and Solana added that it has an advantage over Bitcoin, saying that the Bitcoin Treasury Department is already saturated as its approximately 90 competitors, who already hold 150,000 BTC, hold six times the BTC than at the beginning of the year.

“We believe ETH and SOL DATS should allocate MNAV higher than BTC data to multiply the yield.”

Citigroup warns of possible flooding

In addition to the debate, Citigroup predicts that ETH could drop to around $4,300 by the end of the year in the base case of tokens and to $2,200 at worst.

It refers to weakening the activity of the base layer, and note that about 70% of that activity is in the Layer 2 solution.

This view highlights the risks investors should consider despite the strong fundamentals of Ethereum and the positive technical signal. Paying attention to the $4,300 and $4,600 levels is important for ETH price movements.

While optimism remains about Ethereum’s long-term role in blockchain and debt, the short-term challenges could result in some price fluctuations as the market addresses external pressures.

ETH Price: On-Chain Data Reflects Your Confidence

On-chain data supports the idea that Ethereum has a strong foundation. That means more ETH is off the exchange. This means that investors prefer to hold coins in their personal wallets rather than selling. This reduces the risk of sudden price drops as few coins are available in the market.

Additionally, the number of active Ethereum wallet addresses and daily transactions remain high, indicating constant network use.

This ongoing activity refers to solid adoption and usage, giving investors the confidence that Ethereum prices should be held and rise over time.

ETH Price: Technical Analysis has room for growth

Technically, Ethereum holds a critical support level just below $4,600. The weekly price chart shows upward trend channels marked at higher and lower prices, showing continued bullish momentum.

Ethereum pricesEthereum prices

ETHUSD Analysis Source: TradingView

The relative strength index (RSI) is close to 66, which shows positive momentum, but warns of the possibility of short-term pullbacks as it approaches overbuying levels.

The moving average convergence divergence (MACD) indicator remains bullish, with the MACD line being above the signal line. This ensures that the buyer is under control even during minor fixes.

The average directional index (ADX) is located at about 33rd place, showing a moderately strong trend, leaving room for upward movement.

The next resistance to the watch is nearly $4,950. If Ethereum breaks this resistance it could push its way up over $5,200 more. On the downside, support between $4,400 and $4,500 must act as a safety net. There, buyers can protect them through uptrends.

Ethereum Price: Long-term outlook remains positive

The current 2% price dip looks like a healthy pause amid Ethereum upward trend.

On-chain metrics check strong use and retention patterns by investors. Ethereum remains within the upward channel with a stable support level and is well positioned for future profits.

Supported by the increased trust of the institution and solid network activity, Ethereum’s role as a major blockchain platform has become an attractive asset for growth.

The short-term swing is normal, but the big picture of Ethereum remains optimistic as there could be more upward movements after 2025.

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