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

ETH

ETH/USDT

$2,698.95

+1.15%

$2,698.95

+1.15%

(24s)

24h Volume

$12,508,294,835.08

24h H/L

$2,706.00 / $2,600.15

Change: $105.85 (4.07%)

Long/Short

60.1%

Long: 60.1%Short: 39.9%

Funding Rate

+0.0030%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,693.70

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$3,143.74

Resistance 2$2,781.69

Resistance 1$2,703.03

Price$2,693.70

Support 1$2,677.49

Support 2$2,559.03

Support 3$2,335.60

Pivot (PP):$2,664.73

Trend:Uptrend

RSI (14):63.8

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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