Standard Chartered Sees Ethereum At $40,000 By 2030, Cuts 2026 Target

1 month ago

Standard Chartered has acceptable a caller long-range people of $40,000 for Ethereum (ETH) by end-2030, portion cutting its end-2026 forecast sharply, arguing that Ethereum’s comparative setup is improving adjacent arsenic Bitcoin-led weakness has weighed connected implicit crypto terms targets.

In a probe note, the bank’s integer assets expert Geoff Kendrick framed 2026 arsenic a imaginable inflection constituent for Ethereum versus bitcoin, contempt revising down its medium-term ETH-USD path. “We deliberation ETH’s prospects person improved. We truthful expect the transverse to gradually instrumentality to its 2021 highs,” Kendrick wrote, pointing to a rebound successful the ETH/BTC narration arsenic the halfway look of his thesis.

Standard Chartered Recasts Ethereum Outlook

Standard Chartered present expects ether to extremity 2026 astatine $7,500, down from its anterior $12,000 estimate, earlier rising to $15,000 successful 2027 (cut from $18,000) and $22,000 successful 2028 (cut from $25,000), with $30,000 penciled successful for 2029 (raised from $25,000) and $40,000 by end-2030.

“I deliberation 2026 volition beryllium the twelvemonth of Ethereum, overmuch similar 2021 was,” Kendrick writes. The slope attributes the near-term markdown to Bitcoin’s resistance connected dollar-denominated crypto performance, with Kendrick noting that weaker BTC enactment has “weighed connected the outlook for integer assets priced successful dollars,” forcing little implicit targets done 2028 adjacent arsenic Ethereum’s comparative fundamentals strengthen.

Kendrick highlighted a acceptable of Ethereum-specific supports that, successful his view, are much apt to amusement up successful comparative show than successful contiguous spot-price upside. He pointed to continued accumulation by Bitmine Immersion Technologies, which the enactment described arsenic the largest Ethereum-focused integer plus treasury company, astatine a clip erstwhile ETF inflows person “temporarily stalled” and broader firm treasury buying has cooled.

He besides cited Ethereum’s centrality to stablecoins, tokenized real-world assets, and DeFi arsenic structural request drivers, and emphasized execution connected plans to summation Ethereum layer-1 throughput by astir 10x implicit the adjacent 2 to 3 years. “Analysis shows that higher throughput translates into higher marketplace cap,” Kendrick wrote.

Regulation was flagged arsenic a further imaginable tailwind. Kendrick pointed to the US CLARITY Act arsenic a improvement that could beryllium supportive for the assemblage and “particularly ETH” if it helps unlock different signifier of DeFi activity. The US Senate is owed to reappraisal the measure connected Jan. 15 with imaginable transition successful Q1.

For traders, the model implies that Standard Chartered’s highest-conviction look is little astir pinning an nonstop ETH-USD level successful the adjacent 12 months and much astir whether Ethereum tin reclaim comparative crushed versus bitcoin arsenic throughput, stablecoin-heavy activity, and argumentation clarity compound into 2026 and beyond.

At property time, ETH traded astatine $3,126.