Standard Chartered Says Ether Could Recover to 2021 Levels Versus Bitcoin

Standard Chartered reiterated its long-term bullish view on Ether, with investors focused on Ethereum’s dominance in stablecoins and tokenized real-world assets.

Walter Bloomberg reported on May 28 that Geoff Kendrick, Standard Chartered’s global head of digital assets research, said the gap between Ether’s strong fundamentals and weak price performance is temporary.

Ether has fallen about 57% since August 2025 to roughly $2,100, while the ETH-BTC ratio has dropped about 37%, Kendrick said. Even so, trading volume and total value locked, or TVL, remain near record highs.

Kendrick likened the current situation to Amazon during the 2001 dot-com bust. He said Ether’s price would eventually recover in line with its fundamentals and maintained his previous targets of $4,000 by the end of 2026 and $40,000 by the end of 2030.

Standard Chartered identified Ethereum’s 50% to 65% share of the stablecoin and tokenized real-world asset markets as a key growth driver. Investors are watching whether further expansion in stablecoins and tokenized finance will boost demand for the Ethereum network.