Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered Bank, stated that Ethereum's current trajectory is similar to Amazon's after the burst of the internet bubble in 2001. The price decline does not signify fundamental deterioration; instead, there may be a "mispricing between market price and underlying metrics."
Kendrick cited the views of Amazon founder Jeff Bezos, noting that market prices and a company's fundamentals can diverge for extended periods but will eventually revert to value track. Although Ethereum's current price has dropped approximately 57% from its 2025 high, core metrics such as on-chain transaction volume and Total Value Locked (TVL) remain near historical highs. Therefore, Standard Chartered maintains its long-term bullish view on ETH, predicting the price could reach $4,000 by the end of 2026 and $40,000 by 2030. (The Block)