Standard Chartered backs $4,000 ether as retail piles into the sub-$2,000 drop
CoinDesk
Retail traders are buying ether as it drops below $2,000, while Standard Chartered maintains a bullish long-term forecast despite market volatility.Summary
Ether prices recently dipped below $2,000, triggering a rush of retail 'buy-the-dip' activity that some analysts warn is a contrarian indicator of further potential declines. Despite short-term market turbulence and bearish signals like rising open interest for short positions, Standard Chartered remains optimistic. Geoffrey Kendrick, the bank's digital assets research head, has reaffirmed his target of $4,000 for ether by year-end, citing strong underlying network metrics and growth projections for tokenized real-world assets and stablecoins.
(Source：CoinDesk)