Standard Chartered Bank analysts issued a report on May 28, reaffirming an Ethereum (ETH) year-end target price of $4,000, and confirming that the 2030 target price remains at $40,000. Standard Chartered said that ETH’s current trading price of around $2,000 does not adequately reflect the real growth indicators of the Ethereum network. Standard Chartered confirmed that stablecoin-related activity has accounted for 33% of Ethereum’s trading volume this year to date.
Bullish Arguments Confirmed by Standard Chartered: ETH Price vs. Network Activity Indicators Divergence
In the report, Standard Chartered confirmed that ETH’s current price is failing to reflect both an increase in the number of transactions on the Ethereum network and the value of assets deposited into DeFi applications. Standard Chartered said Ethereum’s native network is poised to benefit from a steady shift by Wall Street toward digital-asset infrastructure, and its price has “significant upside room” to “catch up to internal indicators.”
Standard Chartered confirmed, drawing an analogy to when Bezos saw Amazon’s stock price fall 94% during the 2001 dot-com bubble but fundamentals kept improving, that “we saw similarities in Ethereum’s current price,” while reaffirming its “strong bullish outlook for Ethereum.” The bank also confirmed that the Ethereum Foundation supports creating an “economic zone,” planned for launch in the summer of 2026, aiming to enable digital assets to flow more freely across various networks built on Ethereum.
Two Major Long-Term Drivers Confirmed by Standard Chartered: RWA 50x Growth and DeFi Regulatory Framework
The two main long-term drivers confirmed by Standard Chartered in its report are as follows:
First: The on-chain trading scale of tokenized digital assets representing real-world assets (RWA) is expanding. Standard Chartered analysts confirmed that “if, over the next few years, RWA grows 50x as we expect, then the importance of the space to Ethereum will increase significantly, so we expect trading volume and TVL to keep setting new historical highs”;
Second: DeFi’s regulatory framework is becoming progressively clearer. Standard Chartered confirmed that standards will be established through legislation, and DeFi activity on Ethereum is expected to gain institutional recognition. The bank also confirmed that it expects the ETH-to-BTC price ratio to fall to 0.08—an unprecedented level since the last crypto market boom in 2021—corresponding to an implied valuation for Bitcoin of about $500,000.
FAQ
What are the core reasons behind Standard Chartered’s $4,000 year-end ETH target?
Based on Standard Chartered’s May 28 report, the core reasons include: stablecoins accounting for 33% of Ethereum’s trading volume this year; Ethereum’s current dominance in the stablecoin and tokenized asset markets; and a significant divergence between ETH’s current price and its actual network growth indicators. Standard Chartered confirmed that these indicators are not yet fully reflected in ETH’s price.
What does the predicted ETH/BTC ratio of 0.08 from Standard Chartered mean?
Standard Chartered confirmed that it expects the ETH/BTC ratio to fall back to 0.08, a level never seen since 2021. The report implies that if ETH reaches $4,000 and the ratio returns to 0.08, it would correspond to an implied valuation for Bitcoin of about $500,000, but Standard Chartered did not provide a separate Bitcoin price target in this report.
How does the Myriad prediction market view ETH’s short-term outlook, and does it contradict Standard Chartered’s target?
According to a Decrypt report, Myriad prediction market users believe there is a 65% probability that ETH will fall to $1,500 rather than rise to $3,000, reflecting users’ pessimism about the short-term outlook. Myriad is a prediction market platform operated by Decrypt’s parent company Dastan; the probabilities reflect the collective judgment of market users and do not represent Myriad’s or Standard Chartered’s official position.
