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via Decrypt · By Decrypt Editorial

Standard Chartered Reaffirms $40K Ethereum Price Target Due to DeFi Dominance

ETH

ETH/USDT

$1,919.40

+0.97%

$1,919.40

+0.97%

(24s)

24h Volume

$12,215,077,599.06

24h H/L

$1,936.99 / $1,872.00

Change: $64.99 (3.47%)

Long/Short

60.3%

Long: 60.3%Short: 39.7%

Funding Rate

+0.0061%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,928.17

▲ 0.91%

Volume (24h): -

Resistance Levels

Resistance 3$2,063.38

Resistance 2$1,969.96

Resistance 1$1,934.26

Price$1,928.17

Support 1$1,913.59

Support 2$1,872.85

Support 3$1,610.34

Pivot (PP):$1,906.13

Trend:Sideways

RSI (14):58.5

Decrypt Editorial

(03:46 PM UTC)

1 min read

Approved bySarah Chen

0 comments

In brief

Standard Chartered highlighted a stark disparity between Ethereum’s current price and its growing network activity.
Despite Ethereum underperforming compared to Bitcoin's resilience, the bank reiterated $4,000 and $40,000 price targets.
The network's long-term upside is heavily tied to its existing dominance in stablecoins and tokenized assets.

When the dot-com bubble burst in 2001…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Decrypt Editorial · Decrypt

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