Standard Chartered Reaffirms $40,000 ETH Target as Network Metrics Improve Despite 57% Price Drop
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Summary
Standard Chartered maintains its $40,000 ETH price target despite Ethereum's 57% decline from its August 2025 peak. While ETH trades significantly lower and ETH/BTC has dropped 37%, internal network metrics like transaction counts and total value locked (in ETH terms) are near record levels. The bank forecasts that stablecoin market growth (6x by end-2028) and tokenized real-world assets (50x expansion) will drive Ethereum's price toward $40,000 by 2030, citing Ethereum's 50-65% market share in both sectors.
Key quotes
· 4 pulledEthereum's transaction counts and total value locked, measured in ETH terms, are near record levels while ETH trades about 57% below its August 2025 peak.
Stablecoins and tokenized real-world assets are positioned as the main drivers of the $40,000 ETH target.
Standard Chartered forecasts stablecoin market growth to six times by end-2028 and tokenized real-world assets excluding stablecoins to expand fiftyfold, providing a path toward a 2030 forecast.
Ethereum is cited as holding roughly 50%–65% share of both stablecoin and tokenized real-world asset markets expected to benefit from financial asset migration to blockchain networks.
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