Ethereum Price Prediction: Standard Chartered Forecast $40K For ETH
Ethereum Ethereum Price Prediction: Standard Chartered Forecast $40K For ETHEthereum 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 Thursdays 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 Ethereums broader outlook, even as short-term sentiment weakened. Ethereum Faces Strong Resistance Pressure Ethereum now trades below its 20-day, 50-day, 100-day, and 200-day exponential moving averages. Besides, the EMA cluster between $2,140 and $2,280 continues acting as a major resistance barrier. Sellers regained control after Ethereum failed to sustain rebounds above the $2,100 region earlier this month. Technical indicators also reflected growing bearish momentum. The Directional Movement Index showed the negative directional line moving sharply above the positive line. Additionally, the Average Directional Index strengthened, signaling increasing trend pressure on the downside. Several Fibonacci retracement levels now serve









