Ethereum Price Falls As StanChart Backs ETH Treasuries Vs BTC

The Ethereum price tumbled 2% in the last 24 hours to trade at $4,512 as of 4.30 a.m. EST on a 6% decrease in trading volume to $31.87 billion.

This dip comes as Standard Chartered says that Ethereum treasury firms may outperform their Bitcoin rivals.

The Standard Chartered report said that Ethereum treasury firms have strong growth potential, supported by ongoing network upgrades that improve scalability and usability.

It added that Ethereum and Solana treasury firms have an advantage over Bitcoin because they can offer staking rewards, and said that the Bitcoin treasury market is already saturated with some 90 competitors holding  150,000 BTC, six times more BTC than at the start of the year.

“We think ETH and SOL DATs should be assigned higher mNAVs than BTC DATs due to staking yield,” it said.

Tom Lee explains why you should buy a Ethereum Treasury company over just buying Ethereum pic.twitter.com/VqfNBkzYph

— Tom Lee Tracker (Not actually Tom) (@TomLeeTracker) September 14, 2025

Citigroup Warns of Possible Dip

Adding to the discussion, Citigroup predicts ETH could fall to around $4,300 by the end of the year in its base case for the token, and $2,200 in its worst case.

It points to weaken activity on its base layer, noting that about 70% of its activity is on layer-2 solutions.

Citigroup Is Bearish on Ethereum, Issues $4,300 Year-End ETH Price TargetEthereum price may drop back to $4,300 by the end of the year, according to Citigroup analysts who flagged the coin’s overvaluation. https://t.co/iOQsQDsMT4 pic.twitter.com/wcnCs5Iziq

— Coinspeaker (@coinspeaker) September 16, 2025

This view highlights the risks that investors should consider despite Ethereum’s strong fundamentals and positive technical signals. Keeping an eye on $4,300 and $4,600 level will be key for ETH’s price movements.

While optimism remains about Ethereum’s long-term role in blockchain and DeFi, short-term challenges could bring some price swings as the market deals with external pressures.

ETH Price: On-Chain Data Reflects Confidence

On-chain data supports the idea that Ethereum has strong foundations. More ETH is moving off exchanges, which means investors prefer holding their coins in personal wallets rather than selling. This reduces the risk of sudden price drops because fewer coins are on the market.

Additionally, the number of active Ethereum wallet addresses and daily transactions remains high, showing constant network use.

This ongoing activity points to solid adoption and usage, giving investors confidence that Ethereum’s price should hold and possibly rise over time.

ETH Price: Technical Analysis Shows Room For Growth

Technically, Ethereum is holding a crucial support level just below $4,600. The weekly price chart shows a rising trend channel marked by higher lows, indicating ongoing bullish momentum.

ETHUSD Analysis Source: Tradingview

The Relative Strength Index (RSI) is near 66, which shows positive momentum but warns of a possible short-term pullback since it approaches an overbought level.

The Moving Average Convergence Divergence (MACD) indicator is still bullish, with the MACD line above its signal line. This confirms that buyers are in control even during minor corrections.

The Average Directional Index (ADX) sits around 33, signalling a moderately strong trend and leaving room for more upward movement.

The next resistance to watch is near $4,950. If Ethereum breaks through this resistance, it may push further to $5,200 or higher. On the downside, the support between $4,400 and $4,500 should act as a safety net, where buyers could step in and defend the uptrend.

Ethereum Price: Long-Term Outlook Remains Positive

The current 2% price dip looks like a healthy pause amid an ongoing upward trend for Ethereum.

On-chain metrics confirm strong usage and holding patterns by investors. Ethereum remains inside an upward channel with steady support levels, making it well-positioned for future gains.

Ethereum’s role as a leading blockchain platform, supported by increasing institutional trust and solid network activity, makes it an attractive asset for growth.

Short-term swings are normal, but the bigger picture for Ethereum remains optimistic with potential for further upward movement in 2025 and beyond.

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