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

ETH

ETH/USDT

$2,345.59

+3.47%

$2,345.59

+3.47%

(24s)

24h Volume

$24,081,600,210.66

24h H/L

$2,360.00 / $2,221.54

Change: $138.46 (6.23%)

Long/Short

55.5%

Long: 55.5%Short: 44.5%

Funding Rate

+0.0023%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,331.37

▲ 0.20%

Volume (24h): -

Resistance Levels

Resistance 3$2,592.09

Resistance 2$2,396.86

Resistance 1$2,347.02

Price$2,331.37

Support 1$2,316.97

Support 2$2,262.61

Support 3$2,170.98

Pivot (PP):$2,302.79

Trend:Uptrend

RSI (14):84.5

Decrypt Editorial

(03:46 PM UTC)

1 min read

Approved bySarah Chen

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.

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