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Ether in Structural Decline, Year-End Price Target Slashed to $4K: Standard Chartered

Layer 2 blockchains were meant to improve scalability on the Ethereum network, but Coinbase's Base has reduced ether's market cap by $50 billion, the report said.

Standard Chartered. (Shutterstock)
Ether in structural decline, year-end price target slashed to $4K: Standard Chartered. (Shutterstock)