Standard Chartered Cuts Ethereum Price Target Amid Market Volatility

Standard Chartered has made significant adjustments to its Ethereum price targets in light of the current market conditions. The bank's Global Head of Digital Assets Research, Geoff Kendrick, views the recent drawdown as a washout rather than a structural failure. He compares the slump to Amazon's 2001 crash, where the stock collapsed while the underlying business continued to grow.

The bank has slashed its 2026 Ethereum price target by 47% to $4,000, while keeping its long-term forecast of $40,000 for 2030 intact. This implies a potential upside of more than 20 times even as ETH trades below $1,800. The cut is seen as a cyclical setback rather than a broken thesis.

The bank's adjustment comes amid a broad crypto market selloff, with Ethereum trading around $1,745 at the time of writing. Kendrick believes that network usage remains strong, with transaction counts and total value locked near record highs in ETH terms. This has led him to maintain his long-term call despite the recent price decline.