Standard Chartered Says Ethereum Could 20X After ETH’s Brutal Crash Below $2,000
BeInCrypto
Standard Chartered maintains a $40,000 price target for Ethereum by 2030, likening current market conditions to Amazon's early tech bubble challenges.Summary
Standard Chartered has reaffirmed its long-term bullish outlook for Ethereum, maintaining a target of $40,000 by 2030 despite a recent decline below $2,000. Geoff Kendrick, the bank's head of digital assets research, drew parallels to Jeff Bezos’s perspective on Amazon during the 2001 dot-com bust, noting that internal network metrics for Ethereum continue to improve even as the token price decouples. While institutional caution and retail sentiment remain mixed, the bank remains optimistic about Ethereum's potential to dominate the growing markets for stablecoins and tokenized real-world assets.
(Source：BeInCrypto)