PANews|May 28, 2026 12:34
[Standard Chartered Bank compares Ethereum to Amazon when the Internet foam burst in 2001, and looks forward to ETH until 2030]
According to The Block, Standard Chartered Bank believed that the recent sharp drop in ETH prices did not reflect the continuous improvement of the internal indicators of Ethereum, and compared it to Amazon's stage after the bursting of the technology foam in 2001. The bank maintains its ETH price target of $4000 by the end of 2026 and $40000 by the end of 2030, and expects the ETH/BTC exchange rate to rebound to around 0.08 by the end of this decade. The bank stated that Ethereum dominates the stablecoin and RWA (Real World Asset tokenization) fields, and it is expected that by 2028, the market value of both stablecoins and non stablecoin RWA will increase to about $2 trillion, which will drive Ethereum's trading volume and TVL to new highs and drive ETH prices upward.
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