Ethereum Price Prediction: Standard Chartered Forecast $40K For ETH

Ethereum

Ethereum Price Prediction: Standard Chartered Forecast $40K For ETH

• 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 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 as key resistance points for traders. The 0.236 retracement level sits near $2,083, while stronger resistance remains around $2,148 and $2,201. Moreover, Ethereum faces additional barriers near $2,253 and $2,328 if buyers attempt another recovery rally.

On the downside, immediate support sits between $1,970 and $1,950. If bearish momentum intensifies, Ethereum could test the psychological $1,900 level. Consequently, further selling pressure may expose the market to a deeper decline toward $1,800.

Derivatives Activity Remains Elevated

Ethereum‘s derivatives market continued showing strong participation despite recent volatility. Open interest expanded aggressively during Ethereum’s rally toward the $4,000 to $4,800 range last year. Significantly, leveraged positioning accelerated between June and September, pushing open interest above $60 billion.

However, traders reduced exposure after the market peak triggered broad price corrections. Open interest later declined sharply before stabilizing between $32 billion and $35 billion. Current positioning suggests traders remain cautious while waiting for stronger directional confirmation.

Meanwhile, exchange flow data showed continued outflows dominating the broader trend since late August. Large withdrawal spikes appeared throughout September, October, and February. Besides, several outflow surges exceeded $500 million, signaling ongoing accumulation behavior among investors.

Although periodic inflows appeared during November, January, and March, they failed reversing the larger exchange-flow structure. Recently, flows remained relatively balanced but slightly negative as investors continued moving Ethereum away from exchanges.

Standard Chartered Maintains Bullish Long-Term Outlook

Despite Ethereums current weakness, Standard Chartered maintained its aggressive long-term forecast for the asset. The bank reaffirmed its $4,000 Ethereum target for 2026 and a $40,000 projection for 2030.