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Ethereum News: ETH Predicted to Skyrocket 11% with Potential Breakout

Ethereum News: ETH Predicted to Skyrocket 11% with Potential Breakout

Ethereum News
Release Time:
2025-03-17 23:40:55
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Cryptocurrency investors are buzzing with excitement as Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is poised for a significant price surge. According to expert technical analysis, ETH could soar by 11% if a key trigger is hit, following a week of consolidation.

Ethereum (ETH) Will Soar 11% If Key Trigger Hits

After consolidating for a week, Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for massive upside momentum. On March 18, 2025, as the overall cryptocurrency market witnessed a price surge, ETH reached the upper boundary of its consolidation range between $1,840 and $1,955 and is on the verge of a breakout. Expert technical analysis indicates a potential upside based on recent price action and historical momentum.

StanChart Revises Ethereum Projection to $4000, Cites L2 Impact

Standard Chartered has revised its year-end price target for Ethereum (ETH) to $4,000, down from its previous forecast of $10,000. The bank cited structural weaknesses in Ethereum’s economic model, particularly the shift to proof-of-stake and the rise of Layer-2 (L2) networks. Geoffrey Kendrick, the head of digital assets research at StanChart, argued in a report titled ’Ethereum — Midlife Crisis’ that L2s have eroded the value captured by the main blockchain. He estimated that Base, the leading L2, alone has removed $50 billion in market capitalization from Ethereum’s core ecosystem.

Trump and Associates Earn $390 Million from World Liberty Token Sale

President Donald Trump and other principals of DT Marks DEFI LLC have earned approximately $390 million from promoting their Ethereum-based decentralized finance project, World Liberty Financial. The project has completed two rounds of token sales, generating a total of $550 million from the sale of its native governance token, WLFI. Trump, who is a promoter of the project, is entitled to a significant portion of the revenues.

Ethereum Foundation Considering Changes Based on Community Feedback

The Ethereum Foundation (EF) is reportedly adapting based on community feedback and exploring changes to its operations. Dragonfly managing partner Haseeb Qureshi noted a sense of urgency within the organization and an awareness that the landscape has shifted since 2020. EF leaders are actively considering how to replicate successful initiatives like Solana’s Superteam, shifting focus from research-driven efforts to fostering project development and investment. Qureshi also shared that EF leadership demonstrates a greater openness to external ideas, moving away from a “not invented here” mentality. The Ethereum (ETH) community has expressed concerns over the foundation’s direction.

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