Standard Chartered kept its forecast that Ethereum will reach $40,000 by the end of 2030 even after the token fell below $2,000. In a client research note cited by BeInCrypto, the bank reaffirmed targets of $4,000 by the end of 2026 and $40,000 by end-2030. Its digital assets research head compared the drop to Amazon’s share price during the dotcom bust, while pointing to improving on-chain indicators and differing retail and institutional flows.

David Hoffman, known as an Ethereum bull, sold all his remaining ether last week. He judged that ETH already reflects the price it should command in the market and that the scope for a re-rating is limited. Hoffman said Ethereum has achieved enough to justify its market value, but the investment case that “ETH is money” has weakened. He remained bullish on the Ethereum network, while noting layer2 networks capture most fees and profits.