Ethereum Price Prediction: Standard Chartered Forecast $40K For ETH
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Ethereum fell below the critical $2,000 support and traded near $1,984 while remaining under major EMAs with $2,140–$2,280 forming a strong resistance band. Crypto derivatives and open interest remain elevated, signaling heavy exposure and trader caution near key support, while institutions still project long-term targets of $4K and $40K, implying potential long-term adoption despite near-term downside.
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- Ethereum trades below major EMAs, with $2,140–$2,280 forming strong resistance barrier.
- Derivatives elevated, open interest stable, traders cautious near key support.
- Long-term outlook remains bullish as institutions maintain $4K and $40K targets.
Ethereum extended its decline this week after losing the critical $2,000 support level, while bearish technical signals continued building across the market. The second-largest cryptocurrency traded near $1,984 during Thursday’s session.
Consequently, traders faced rising uncertainty as weak momentum and heavy resistance limited recovery attempts. At the same time, derivatives activity remained elevated, showing that investors still maintained strong exposure despite growing downside risks. However, long-term institutional forecasts continued supporting Ethereum’s broader outlook, even as short-term sentiment weake…
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Coins
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+0.22%Predictions Markets
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