{"id":44956,"date":"2026-05-28T18:30:54","date_gmt":"2026-05-28T18:30:54","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44956"},"modified":"2026-05-28T18:30:54","modified_gmt":"2026-05-28T18:30:54","slug":"ethereum-eth-drops-below-2000-why-standard-chartered-still-expects-40000-by-2030","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44956","title":{"rendered":"Ethereum (ETH) Drops Below $2,000\u2014Why Standard Chartered Still Expects $40,000 By 2030"},"content":{"rendered":"

Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway.\u00a0<\/p>\n

Even with the recent slide, Standard Chartered\u2019s Digital Assets Research Head, Geoff Kendrick, says the bank is not backing away from its bullish long-term outlook for Ethereum.<\/p>\n

Ethereum Price Will Catch Up<\/h2>\n

In a note <\/a>to investors on Thursday, Kendrick reaffirmed Standard Chartered\u2019s core projection for Ethereum\u2019s performance over the next four years, including its end-2030 target of $40,000 for ETH.\u00a0<\/p>\n

He linked the current weakness to something investors may eventually look back on as a confusing, even misleading, signal. Rather than treating the price drop as proof that the network is weakening, Kendrick argued that Ethereum\u2019s usage metrics<\/a> are continuing to improve even as the token\u2019s market value loses ground.<\/p>\n

To illustrate the gap between price action and underlying progress, Kendrick drew a comparison to Amazon during the 2001 dot-com bust. His argument echoes a line often attributed to Jeff Bezos: that while a company\u2019s stock can go the wrong way, \u201ceverything inside the company\u201d can still be moving in the right direction.\u00a0<\/p>\n

Kendrick specifically said that Ethereum will \u201ccatch up\u201d to those improving internal metrics and suggested that investors are effectively watching a delay between operational strength and market pricing.\u00a0<\/p>\n

ETH Upside Signals<\/h2>\n

Standard Chartered\u2019s view leans heavily on measurable indicators that Kendrick says support Ethereum\u2019s position in key parts of the crypto economy<\/a>.\u00a0<\/p>\n

One of the bank\u2019s central points is Ethereum\u2019s role in stablecoins. Kendrick noted that 54% of all stablecoins are currently issued on the network. He also said stablecoins make up around one-third of all Ethereum transactions in 2026 year-to-date.\u00a0<\/p>\n

Based on that momentum, Standard Chartered projects the stablecoin market cap could increase sixfold from current levels by the end of 2028.<\/p>\n

A second major pillar of the bullish case is Ethereum\u2019s position in tokenized real-world assets (RWAs). Kendrick said Ethereum hosts around 62% of RWAs and about 68% of active on-chain loans.\u00a0<\/p>\n

He projected that the non-stablecoin RWA sector<\/a> could grow about 50 times to reach $2 trillion by the end of 2028. For Standard Chartered, tokenized RWAs are likely to expand in a way that brings Ethereum a significant share of the activity.\u00a0<\/p>\n

Kendrick\u2019s projections suggest Ethereum could still capture roughly half to two-thirds of both tokenized assets and the related category of growth, with Ethereum hosting an estimated 50% to 65% of those segments.<\/p>\n

Kendrick\u2019s analysis keeps the forecast <\/a>unchanged: ETH at $4,000 by the end of 2026 and then $40,000 by the end of 2030. In the same reaffirmation, Standard Chartered lays out an extended path through the intervening years, projecting $10,000 by end-2027, $18,000 by end-2028, and ultimately $40,000 by end-2030.<\/p>\n

\"Ethereum\"<\/p>\n

At the time of writing, ETH was trading at $1,991, having retraced by 5% in the weekly timeframe. This means that the altcoin is now trading 59% below its all-time high of $4,964, reached last year.\u00a0<\/p>\n

Featured image created with OpenArt; chart from TradingView.com <\/p>","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) has followed Bitcoin (BTC) and much of the wider crypto market lower over the past 48 hours, dropping below the key $2,000 support level and reigniting concerns among some investors that a longer bear phase could be underway.\u00a0 Even with the recent slide, Standard Chartered\u2019s Digital Assets Research Head, Geoff Kendrick, says the […]<\/p>\n","protected":false},"author":1,"featured_media":44957,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-44956","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum"],"yoast_head":"\nEthereum (ETH) Drops Below $2,000\u2014Why Standard Chartered Still Expects $40,000 By 2030 - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44956\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum (ETH) Drops Below $2,000\u2014Why Standard Chartered Still Expects $40,000 By 2030 - 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