Standard Chartered: Ethereum is now like Amazon in 2001! ETH to hit $4,000 by year-end and $40,000 by 2030

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ETH has fallen to $2,000, yet institutions are calling for $40,000? Standard Chartered released its latest report today (28th), comparing the current state of Ethereum to Amazon during the dot-com bubble burst in 2001. Analysts pointed out that while the price of ETH continues to slide on the surface, internal health indicators such as network transaction volume and TVL are hitting new highs. Benefiting from the strong growth in the RWA and stablecoin sectors, Standard Chartered boldly predicts that ETH will rebound to $4,000 by the end of 2026 and soar to $40,000 by 2030. (Previous coverage: Ethereum falls below $2,000 for the first time this year! Futures OI shows shorts are increasing) (Background: Ethereum weakens as Vitalik turns to writing novels, ETH crashes amid staff departures) As the cryptocurrency market continues to fluctuate and the price of ETH remains sluggish, the multinational financial giant Standard Chartered has released an extremely optimistic bullish report. According to a report by The Block today (May 28, 2026), Geoffrey Kendrick, Head of Global Digital Assets Research at Standard Chartered, drew a profound analogy in the latest report between Ethereum's current situation and the tech giant Amazon during the dot-com bubble burst in 2001. Since its high in August 2025, the price of ETH has corrected significantly by about 57%, currently hovering around $2,000; meanwhile, the ETH/BTC exchange ratio has also fallen by about 37%. However, Kendrick pointed out that this price weakness completely masks the strong growth in Ethereum's fundamentals. He cited a classic speech by Amazon founder Jeff Bezos in 2018 to describe the current state of Ethereum: "The stock is not the company, and the company is not the stock. And so, as I watched the stock go from $113 to $6, I was also watching all of our internal business metrics... Every single thing about the company was getting better. And so, the stock was going the wrong way, but the company was going the right way." Kendrick emphasized that Ethereum's current transaction volume and Total Value Locked (TVL) denominated in ETH remain near historical highs. Historical data shows that Amazon's stock price has surged more than 1,000 times since its 2001 trough, adjusted for stock splits. Standard Chartered firmly believes that it is "only a matter of time" before the price of ETH catches up with its internal fundamental indicators. Based on the continuous improvement of internal indicators, Standard Chartered reiterated its staggering target prices for ETH: $4,000 by the end of 2026 and $40,000 by the end of 2030. The report lists three key factors driving this long-term rally: 1. Stablecoins: The current total stablecoin market capitalization is approximately $321 billion. Standard Chartered expects the market to grow 6-fold to a staggering $2 trillion by the end of 2028. Currently, more than 54% of stablecoins are issued on the Ethereum network, contributing nearly one-third of Ethereum's transaction volume and 60% of its TVL this year, which will provide massive value capture for ETH. 2. RWA: In addition to stablecoins, the RWA market is expected to explode 50-fold to $2 trillion by the end of 2028. Ethereum currently holds absolute dominance in this field, accounting for 62% of RWA assets and 68% of active on-chain loans. As traditional and institutional assets move on-chain, it will significantly boost Ethereum's network utilization. 3. Ecosystem Development: The upcoming Ethereum Economic Zone (EEZ) will further enhance composability between protocols, allowing assets to flow more freely within the ecosystem and reducing reliance on cross-chain bridge risks. Furthermore, the Clarity Act currently being advanced in the U.S. is expected to bring a clearer regulatory framework for DeFi, paving the way for institutional entry. Standard Chartered's conclusion is clear: short-term market pessimism should not obscure the fact that Ethereum continues to expand as the infrastructure for Web3. Investors who hold firm when "the stock is going the wrong way, but the company is going the right way" may be looking at the next Amazon-level return.

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