Standard Chartered maintains $40K ETH price target for 2030

Standard Chartered (SC) has maintained its forecast for ETH to reach $40,000 by 2030. Geoff Kendrick, Head of Crypto Research at SC, explained that ETH's current decline is similar to the sharp drop in Amazon's stock price during the 2001 dot-com bubble. He noted that while the network's internal metrics are improving, the token's price has not yet reflected these gains. Kendrick reiterated the bank's price targets for ETH of $4,000 by the end of this year and $40,000 by the end of 2030, adding that the cryptocurrency is poised to be a key beneficiary of future growth in the stablecoin and real-world asset (RWA) tokenization markets.