StandardChartered News & Analysis
3 articles
Market Mood
Ethereum (ETH) Price Target Set at $40K by Standard Chartered
Standard Chartered analysts reaffirmed a year-end price target of $4,000 for Ethereum (ETH), predicting a potential rise to $40,000 by the end of the decade. Currently, ETH is trading at $2,000, marking a 60% decline from its August peak price of nearly $5,000, while Bitcoin (BTC) has fallen 42% from its October all-time high of $126,000 to around $72,800. Analysts noted that 33% of Ethereum transactions are tied to stablecoins, indicating robust activity within the ecosystem, which may drive price gains moving forward. They also highlighted Ethereum's dominance in the DeFi space as a key factor for growth.
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Ethereum (ETH) Drops 60% But Analysts Forecast Strong Recovery
Ethereum (CRYPTO: $ETH) has dropped approximately 60% from its August 2025 high, now trading around $2,000. Despite this decline, a report from Standard Chartered Bank indicates that Ethereum's underlying metrics, such as transaction volumes and total value locked, remain near all-time highs. The network holds 54% of all stablecoins, which constitute about one-third of its year-to-date transactions. Analysts maintain a bullish forecast, projecting Ethereum to reach $4,000 by late 2026 and $40,000 by the end of 2030, focusing on its robust internal health amidst current market sentiment.
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Standard Chartered (STAN) Appoints Manus Costello as Permanent CFO
Standard Chartered (STAN) has appointed Manus Costello as its permanent Chief Financial Officer. This appointment follows his recent role as interim CFO where he contributed to strategic financial decisions. The decision is expected to provide continuity in leadership as the bank navigates ongoing market challenges. The market may react positively to the stability within the bank's management structure, which could influence investor confidence moving forward.
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