Ethereum
Ethereum ‘commoditized itself’ by shifting value to layer-2s, Standard Chartered says
Standard Chartered analysts say Ethereum is going through a “midlife crisis,” with ETH struggling to hold around $2,000.
Ethereum (ETH) has seemingly stuck in limbo as it’s giving away its value for free to layer-2 networks while struggling to keep investors interested. The world’s second-largest cryptocurrency by market capitalization has dropped 40% in the past three months, with Standard Chartered analysts now saying the network if facing “midlife crisis.”
In an interview with the Financial Times, Standard Chartered’s head of digital assets research Geoff Kendrick said the network “gave away value for free” as with layer-2 networks Ethereum has “essentially commoditized itself.”
Now, Ethereum is struggling with keeping its price from falling even further. As of press time, ETH is trading at around $2,054, after plunging to $1,813 earlier in March. Kaiko’s research analyst Adam McCarthy says the decline might be tied due to the fact that Ethereum “is just not interesting to most people.”
“It’s hard to get too excited about amazing feats of engineering when there [are] so many competing things now in the attention economy.”
Adam McCarthy
At the same time, Ethereum’s developers are struggling with internal disagreements, and user activity on the network hasn’t picked up, noted Carol Alexander, a finance professor at the University of Sussex. She added that the decentralized finance vision now feels “much further away now than a year ago” and that decision-making in the Ethereum community has become “a bit of a shambles.”
Ethereum’s direction has been under scrutiny lately as even former Ethereum Foundation engineer Harikrishnan Mulackal criticized the network’s governance, saying it suffers from a “lack of a clear and cohesive vision.”
Per Mulackal, without stronger leadership, Ethereum could stagnate, suggesting that the network should push for faster updates and ship “one hard fork each quarter.” Otherwise, he said, Ethereum risks reproducing “exactly the same result” as the past five years.
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The Ethereum-to-Bitcoin ratio has fallen to its lowest level in five years after a dismal Ethereum price performance. As investors try to wrap their heads around the grim metric, Taproot Wizards co-founder Eric Wall has explained the reason behind the steep drop.
Eric Wall Highlights Reasons For ETH/BTC Ratio Collapse
Taproot Wizards co-founder Eric Wall has identified a raft of reasons behind the decline of the ETH/BTC ratio in 2025. The cryptocurrency expert revealed the factors behind the falling ETH/BTC ratio in an X post, hinging the bulk of the blame on Ethereum’s recent price performance.
The ETH/BTC ratio slumped to a five-year low after Ethereum bucked the trend of following Bitcoin on a rally after the halving event. While Bitcoin price rose to cross the $100K mark, Ethereum price has tumbled below $2,000 to reach lows of $1,400.
For Wall, one factor affecting the ETH/BTC ratio appears to be Ethereum’s position in a competitive landscape. Since its launch, several blockchains have cropped up to snag market share from the largest altcoin, offering cheaper fees and faster processing times.
The cryptocurrency expert argues that the absence of a Saylor-like buyer for ETH is playing its role in the decline of the ETH/BTC ratio. Michael Saylor’s BTC purchases have contributed to the asset’s performance, but Wall argues that Ethereum does not have a consistent buyer.
Wall adds that Bitcoin and gold have evolved into wartime assets in the current macroeconomic climate, while ETH is considered a “peacetime asset.” Gold has surged to new highs, sparking optimism that Bitcoin will follow in the same path for a similar rally, while the Ethereum price continues its unimpressive run.
The Merge Is Not Responsible For The Ratio Decline
Eric Wall notes that Ethereum’s Merge event is not responsible for the ETH/BTC slump, contrary to popular sentiment. Ethereum migrated from Proof-of-Work to Proof-of-Stake in 2022, with the ETH/BTC ratio tanking since the Merge.
“The ETHBTC ratio did not go down because of The Merge,” said Eric Wall.
However, pseudonymous cryptocurrency analyst Beanie argues that the Merge is the primary reason for the price decline. Rebuffing the speculation, Wall opines that Ethereum’s layer 2 tokens triggered network fragmentation after botching the “asset value capture narrative,” affecting the ETH/BTC ratio.
“Ethereum also stagnated into a depressingly small number of defi primitives relative to what past expectations were,” added Wall.
Ethereum is flashing signs of brilliance after ETH trading volume spiked to $17.5 billion in less than a day. ETH prices are exchanging hands at nearly 1,800 after an impressive 12% rally that saw it outperform SOL and XRP
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Cardano rivals like Avalanche, Solana, Polkadot, NEAR, and Algorand are gaining market share as Ethereum faces scalability challenges.
Cardano (ADA) Tops $0.70 as Founder Predicts Ethereum Collapse
Cardano (ADA) recorded a weekly gain of 12.2%, closing above $0.70 on April 26 — its highest since February 2025.
The move follows public remarks by Cardano founder Charles Hoskinson, who stated during a CNBC interview that Ethereum’s scalability and governance limitations are likely to undermine the network within the next 15 years.
Hoskinson, an original co-founder of Ethereum, highlighted issues around layer-2 reliance, decentralization trade-offs, and ecosystem fragmentation as critical vulnerabilities.
“Without fundamental reform, Ethereum risks disintegration by 2040,” Hoskinson said, citing longstanding market concerns regarding the network’s technical roadmap.
Ethereum’s transition toward rollups and modular scaling, including recent updates such as Dencun, has not eliminated bottlenecks related to cost and throughput.
These factors has seen Cardano rivals like Solana, Avalanche and a handful of others gain ground on Ethereum in recent weeks.
Cardano Rivals to Watch if Ethereum Collapses by 2040
Notably, Charles Hoskinson founding member of Ethereum before exiting to found Cardano. Hence its unsuprisingly that his prediction of Ethereum’s collapse weighs heavy on market sentiment.
If Ethereum continues to lose market share, Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are some 5 Cardano rivals to watch in the months ahead, based on recent price trends, ETF filings and institutional demand for these assets.
Avalanche (AVAX)
Avalanche’s high transaction throughput, customisable subnets, and enterprise integrations strengthen its case as a scalable smart-contract platform.
Solana (SOL)
Solana ETF applications by Franklin Templeton, Grayscale, and VanEck remain under SEC evaluation, with decision deadlines in October 2025 according to Bloomberg chief ETF analyst Eric Balchunas.
Solana’s fast transactions through-put and growing decentralized finance (DeFi) traction continues to drive institutional and developer interest.
Polkadot (DOT)
NEAR Protocol (NEAR)
Algorand (ALGO)
In summary:
Hoskinson’s assessment of Ethereum’s future emphasizes growing concerns surround the long-term viability of the pioneer smart-contract blockchain network. Despite a leadership shuffle at the Ethereum Foundation in early March 2025, key on-chain benchmarks like scalability, governance, and decentralization resilience remain clouded under pesimism.
As regulatory clarity improves and technological differentiation widens, Cardano rivals like platforms like Avalanche, Solana, Polkadot, NEAR, and Algorand, able to meet those demands are expected to gain market share.
Frequently Asked Questions (FAQs)
Hoskinson predicts Ethereum’s scalability, governance issues, and reliance on layer-2 solutions will undermine its viability within 15 years.
Avalanche, Solana, Polkadot, NEAR Protocol, and Algorand are top contenders to gain market share if Ethereum collapses by 2040.
ETF filings forAvalanche, Solana, Polkadot, NEAR, and Algorand signal growing institutional interest and acceptance, which could drive prices higher.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Ethereum price surged 12% in four days, overtaking Solana and XRP as Trump’s policy shift boosted risk appetite across global markets.
Ethereum’s Undervalued Status Powers Late Rally Over SOL and XRP
Ethereum price broke above $1,825 on April 25, marking its highest level in 50 days.
Despite a sluggish start to the week, ETH now posts a 12% gain on the weekly timeframe, overtaking top Layer-1 rivals Solana (SOL) and XRP.
A major driver of Ethereum’s late rally was its undervalued status.
At the start of the week, ETH struggled for traction, consolidating below $1,600 for a 14-day stretch between April 9 and April 23.
While ETH remained stuck under the $1,620 resistance, Bitcoin (BTC), XRP, and Solana had already broken major psychological barriers—$90,000, $2.20, and $150 respectively—earlier in the week.
However, after former U.S. President Donald Trump softened his stance on tariffs and pressured the Federal Reserve for rate cuts, global market sentiment flipped positive.
Investors sitting on sidelined capital viewed ETH as undervalued relative to the broader market.Rapid inflows pushed Ethereum price from $1,600 on April 22 to $1,825 by Saturday, April 26—a 12% surge in just four days.
Ethereum’s late rally now places it ahead of Solana and XRP in weekly performance, with the latter two posting 5.3% and 6.9% gains, respectively, according to CoinGecko data as of April 26.
Bullish Investors Stake 91,000 ETH Amid Rumors of Institutional Migration From Ethereum to Solana
Trends observed on the Ethereum 2.0 staking network further affirm the narrative that investors piled into ETH following Trump’s tariff rollback hints earlier this week.
According to official Beacon Chain data, Ethereum has witnessed a consistent flow of new deposits since April 22.
As seen on Beaconcha.in, total ETH staked stood at 34,055,790 on April 22.
Following Trump’s announcement of a call with Chinese President Xi Jinping, deposits steadily climbed, reaching 34,146,222 ETH at press time on April 26.
This reflects an increase of 90,432 ETH—equivalent to approximately $164 million at current market prices.
Increased staking typically impacts asset prices positively for two key reasons: First, it reduces the circulating supply of tradable ETH on exchanges, tightening liquidity during periods of strong demand.
This supply shock helped ETH outpace rivals SOL and XRP on the weekly timeframe, despite its slow start.
Second, rising staking participation signals continued confidence among Ethereum’s core developers and large investors in the network’s long-term viability.
Such moves often encourage neutral traders and new entrants to take long positions.
Additionally, Ethereum staking enforces time constraints on liquidity.
According to validator platform Figment.io, withdrawals from the Beacon Chain can take up to nine days.
This lock-up period means the $164 million in new staking deposits will not be available for instant sell-offs, helping to establish strong short-term support for ETH even if broader market sentiment softens next week.
Ethereum Price Forecast Today: ETH Eyes $1,950 if Momentum Holds Above $1,800
Ethereum price is hovering above $1,802 at press time on April 26, as bulls look to set a strong bullish cluster above the key psychological $1,800 level.
The Keltner Channel indicator shows ETH rebounding from near the lower band at $1,511, with ETH price action now targeting the midline resistance at $1,928.
Volume Delta confirms bullish momentum, printing a positive 47,260 ETH on the latest session, the highest in two weeks.
The Relative Strength Index (RSI) has bounced sharply from oversold territory at 31.74 to 39.58, suggesting strengthening bullish divergence.
Ethereum price forecast today suggests a continuation toward $1,928 if buyers maintain dominance.
A daily close above $1,850 would validate a trend shift toward the Keltner Channel midline, with $1,950 emerging as the next major resistance.
Conversely, failure to hold $1,800 could expose ETH to renewed selling pressure, with immediate downside risk to $1,700 where prior consolidation occurred.
However, considering the improving Etheruem market volume dynamics and RSI recovery, odds now slightly favor a bullish continuation into early May.
Frequently Asked Questions (FAQs)
Ethereum surged 12% after Trump’s softer tariff stance boosted market sentiment and $164 million flowed into ETH staking.
Staking reduces ETH’s tradable supply, tightening liquidity during demand surges, and signals long-term investor confidence in the network.
Ethereum faces resistance at $1,850 and $1,928, with a potential breakout opening a path toward $1,950 in early May.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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