ChainCatcher report, according to The Block, Standard Chartered Bank believes that the recent sharp decline in ETH price does not reflect the ongoing improvements in Ethereum network metrics, comparing it to Amazon’s phase following the dot-com bubble burst in 2001. The bank maintains its ETH price targets: $4,000 by end-2026 and $40,000 by end-2030, and expects the ETH/BTC exchange rate to rebound to approximately 0.08 by the end of this decade. The bank notes that Ethereum dominates in the stablecoin and RWA (real-world asset tokenization) sectors, projecting that by 2028, the market capitalization of both stablecoins and non-stablecoin RWAs could each reach around $2 trillion, driving Ethereum’s transaction volume and TVL to new highs and supporting upward price pressure on ETH.
Standard Chartered Compares Ethereum to Amazon Post-2001 Bubble, Targets $40K by 2030
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Summary
Ethereum news emerged as Standard Chartered Bank compared the recent ETH price decline to Amazon following the 2001 dot-com crash. The bank maintains its price targets at $4,000 by 2026 and $40,000 by 2030. It also forecasts the ETH/BTC ratio to reach 0.08 by 2030. Ethereum leads in stablecoins and RWA tokenization, with both markets projected to reach $2 trillion by 2028, potentially boosting ETH transaction volume and total value locked (TVL). Investors are advised to monitor altcoins alongside Ethereum’s long-term potential.
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