Bloomberg Intelligence Warns of Ether s Potential Slide Toward 2,000 Amid Macro Challenges

Bloomberg Intelligence has issued a bearish outlook on Ether, suggesting that the cryptocurrency is more likely to fall to 2,000 than rise to 4,000 due to prolonged underperformance and shifting macroeconomic conditions. Senior commodity strategist Mike McGlone expressed this sentiment on social media, stating,
Ether 2,000 or 4,000 Next? My bias is downward.
McGlone pointed out that Ethereum s price stagnation contrasts sharply with the gains seen in Bitcoin, gold, and major equity benchmarks. He noted that extended periods of price inactivity can significantly impact investor sentiment and asset allocation decisions. He emphasized the importance of considering duration in macro analysis, as markets often reassess underperforming assets during prolonged expansion periods.
Furthering his analysis, McGlone raised concerns about how all risk-assets, including Ethereum, might react if U.S. stock market volatility returns to historical levels. He questioned,
What of all risk-assets when buried US stock market volatility mean reverts? A question of time.
Despite McGlone s cautious stance, some analysts remain optimistic about Ethereum s potential. Geoffrey Kendrick from Standard Chartered suggested that scaling upgrades and increased institutional tokenization activity could help restore momentum. Gautam Chhugani from Bernstein linked Ethereum s valuation potential to growth in stablecoins and real-world asset issuance. Additionally, David Duong from Coinbase Institutional highlighted that sustained developer activity and improving fee dynamics could support stronger performance, provided broader crypto market conditions remain favorable.