Standard Chartered reaffirmed its $40,000 Ethereum (ETH) people for end-2030, with the slope holding the telephone adjacent arsenic ETH slipped beneath $2,000 for the archetypal clip since precocious 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 interior metrics support improving portion its token terms 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 retired the telephone successful a probe enactment circulated to clients.
Transaction counts and full worth locked (TVL) beryllium adjacent all-time highs successful ETH terms, per the note. That contrasts with ETH beneath $2,000 contiguous and a 57% driblet from the August 2025 grounds of $4,946.
"I presumption ETH’s show precise overmuch arsenic Jeff Bezos described AMZN stock terms during the 2001 tech bubble burst," Kendrick wrote.
The Standard Chartered enforcement framed the divergence with a 2018 Jeff Bezos code astir the 2001 Amazon banal crash.
The banal is not the company. And the institution is not the stock. And so, arsenic I watched the banal autumn from $113 to $6, I was besides watching each of our interior concern metrics... each azygous happening astir the concern was getting better," Bezos had said.
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He noted Amazon shares person multiplied astir 1,000 times since 2001 erstwhile adjusted for splits.
Geoff Kendrick besides projects stablecoin marketplace capitalization volition emergence sixfold by end-2028.
Tokenized real-world assets could multiply fiftyfold implicit the aforesaid period, with Ethereum hosting 50% to 65% of some segments.
Retail Buys, Institutions Sell, Shorts Pile In
Even arsenic the Ethereum terms falls beneath $2,000, the ETH/BTC ratio dropped to a five-year debased astir 0.027.
Santiment information flagged a question of retail "buy the dip" orders erstwhile the $2,000 level broke. Institutional flows moved the different way.
"Retail has erupted with "buy the dip" calls toward ETH arsenic a effect of this driblet beneath a cardinal intelligence enactment level. This typically means the terms whitethorn person a spot further to fall, owed to the assemblage (which usually gets calls wrong) being excessively optimistic," Santiment analysts predicted.
The Polymarket prediction marketplace present prices a 54% probability of ETH closing beneath $1,500 this year. That stake is backed by $6.4 cardinal successful commercialized volume.
Positioning, however, looks crowded connected the abbreviated side. Rising unfastened involvement and affirmative backing rates make astir $2 cardinal of abbreviated compression exposure.

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