Standard Chartered reaffirmed its $40,000 Ethereum (ETH) target for end-2030, with the bank holding the call even as ETH slipped below $2,000 for the first time since late March.
Global Head of Digital Assets Research Geoff Kendrick compared Ethereum’s slump to Amazon during the 2001 dot-com bust
He argued the network’s internal metrics keep improving while its token price decouples. Bezos Analogy and Long-Term Forecast Kendrick reaffirmed targets of $4,000 for ETH by end-2026 and $40,000 by end-2030. He laid out the call in a research note circulated to clients.
Transaction counts and total value locked (TVL) sit near all-time highs in ETH terms, per the note. That contrasts with ETH below $2,000 today and a 57% drop from the August 2025 record of $4,946. “I view ETH’s performance very much as Jeff Bezos described AMZN share price during the 2001 tech bubble burst,” Kendrick wrote. The Standard Chartered executive framed the divergence with a 2018 Jeff Bezos speech about the 2001 Amazon stock crash.