The bank maintains long-term price targets citing Ethereum’s dominance in stablecoins and tokenized assets despite recent underperformance.
Standard Chartered reaffirmed its $4,000 and $40,000 price targets for Ethereum, citing a disconnect between its current valuation and network activity. The bank noted Ethereum’s dominance in decentralized finance (DeFi), stablecoins, and tokenized assets as key drivers for long-term growth.
Ethereum trades at $2,000, down 60% from its August peak of nearly $5,000. In contrast, Bitcoin has declined 42% from its October high of $126,000 to around $72,800. Analysts argue Ethereum’s fundamentals, including transaction volume and DeFi deposits, support a potential rebound.
The bank expects Wall Street’s adoption of digital-asset infrastructure to further bolster Ethereum’s position, reinforcing its bullish outlook despite short-term volatility.