Standard Chartered's Geoffrey Kendrick likens Ethereum's recent price drop to Amazon's share price after the 2001 dot-com bust, emphasizing that Ethereum's fundamentals are improving despite the slump. The bank maintains a bullish price target of $4,000 by the end of 2026 and $40,000 by 2030, citing Ethereum's dominant role in stablecoins, tokenization, and decentralized finance. While critics note the bank's mixed crypto track record and regulatory uncertainties remain, Kendrick argues that regulatory clarity and growing on-chain activity will drive Ethereum's price to eventually reflect its strong fundamentals. This analogy signals a shift in how major financial institutions view Ethereum's long-term potential.
The crypto market is experiencing a broad sell-off with major coins like Bitcoin near $73,000, Ethereum around $2,000, and Solana below $85, all showing negative performance. This decline contrasts sharply with the S&P 500 reaching new all-time highs...
Standard Chartered reaffirms a $40,000 price target for Ethereum by 2030, highlighting a disconnect between ETH's current price around $2,000 and its robust network activity and DeFi dominance. The bank compares Ethereum's situation to Amazon after t...
President Trump asserts he saved the US crypto industry by signing the GENIUS Act for stablecoins, creating a Strategic Bitcoin Reserve, and appointing pro-crypto officials. These policies initially boosted Bitcoin prices, but overall crypto markets ...
Ethereum's price dropped below $2,000 for the first time since March 29, triggering a wave of retail FOMO (fear of missing out) rather than panic. Social media sentiment shows 2.4 positive comments for every negative one, indicating strong calls to "...
Cryptocurrency markets saw a broad decline with major coins like Bitcoin falling 3.24% to $72,742 and Ethereum dropping 3.95% to $1,985.74. Other notable cryptocurrencies such as Binance Coin, Solana, and Cardano also experienced price drops. A few c...
