{"id":406,"date":"2026-06-03T14:59:22","date_gmt":"2026-06-03T14:59:22","guid":{"rendered":"https:\/\/1stblock.info\/?p=406"},"modified":"2026-06-03T14:59:23","modified_gmt":"2026-06-03T14:59:23","slug":"standard-chartered-holds-4k-eth-target-compares-ethereums-slump-to-amazon-in-2001","status":"publish","type":"post","link":"https:\/\/1stblock.info\/?p=406","title":{"rendered":"Standard Chartered Holds $4K ETH Target, Compares Ethereum’s Slump to Amazon in 2001"},"content":{"rendered":"\n

Standard Chartered reaffirmed its $4,000<\/strong> year-end 2026 price target for Ether and its $40,000<\/strong> target for end-2030 in a research note published May 28, arguing that ETH<\/strong>‘s recent price decline has decoupled from the network’s underlying activity in a way that is temporary and will eventually correct, per the note authored by Geoff Kendrick, the bank’s Global Head of Digital Assets Research<\/em>.<\/p>\n\n\n\n

ETH<\/strong> has fallen roughly 57%<\/strong> from its August 2025 peak near $4,946<\/strong>, trading around $2,000<\/strong> at the time of the note and briefly touching the low $1,900s<\/strong> in late May \u2014 its weakest level since late March. The ETH\/BTC<\/strong> ratio has dropped approximately 37%<\/strong> over the same period to around 0.027<\/strong>, a five-year low. Yet Kendrick’s note asserts that transaction counts and total value locked, measured in ETH<\/strong> terms, remain near record highs. “Internal metrics for Ethereum continue to improve,”<\/em> the note states, “however, the ETH price continues to underperform in both absolute and relative terms.”<\/em><\/p>\n\n\n\n

The core analogy in Kendrick’s argument is Amazon’s stock during the 2001 dot-com collapse. He cited a 2018 Jeff Bezos speech in which Bezos described watching Amazon shares fall from $113<\/strong> to $6<\/strong> while the underlying business kept growing \u2014 shares that have since risen roughly 1,000-fold<\/strong>. “ETH will catch up to the internal metrics, it is just a matter of time,”<\/em> Kendrick wrote. The comparison is structural, not predictive: Standard Chartered is not forecasting an equivalent magnitude of return, but using it to argue that price and fundamentals are temporarily disconnected.<\/p>\n\n\n\n

Three structural pillars underpin the bank’s case. Ethereum currently hosts approximately 54%<\/strong> of the $321 billion<\/strong> global stablecoin market, with stablecoins accounting for roughly one-third of all Ethereum transactions year-to-date in 2026. Standard Chartered projects the stablecoin market cap could grow sixfold to approximately $2 trillion<\/strong> by end-2028. On tokenized real-world assets, Ethereum captures around 62%<\/strong> of the sector and 68%<\/strong> of active on-chain loans; the bank projects the non-stablecoin RWA sector to expand fiftyfold<\/strong> over the same period. Kendrick also cited the upcoming Glamsterdam protocol upgrade as a catalyst not yet priced into spot markets.<\/p>\n\n\n\n

The bank’s multi-year price path runs $4,000<\/strong> at end-2026, $10,000<\/strong> in 2027, $18,000<\/strong> in 2028, $28,000<\/strong> in 2029, and $40,000<\/strong> by end-2030. Reaching $4,000<\/strong> by year-end would require ETH<\/strong> to more than double from current levels and would bring the ETH\/BTC<\/strong> ratio back toward 0.08<\/strong> \u2014 its 2021 high. Per Santiment data cited in the note<\/em>, retail traders responded to the sub-$2,000<\/strong> break with a wave of buy-the-dip activity, while institutional flows moved in the opposite direction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Standard Chartered reaffirmed its $4,000 year-end 2026 price target for Ether and its $40,000 target for end-2030 in<\/p>\n","protected":false},"author":2,"featured_media":407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=406"}],"version-history":[{"count":1,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/406\/revisions"}],"predecessor-version":[{"id":408,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/posts\/406\/revisions\/408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=\/wp\/v2\/media\/407"}],"wp:attachment":[{"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1stblock.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}