Standard Chartered Compares Ethereum Slump to Amazon’s 2001 Crash
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Standard Chartered likened Ethereum’s recent price slump to Amazon’s 2001 dot-com crash, noting ETH fell sharply from its August 2025 high even as on-chain network activity and internal metrics continued to improve. Analyst Geoffrey Kendrick kept bullish crypto price targets of $4,000 for ETH by end-2026 and $40,000 by end-2030, indicating expectations that token performance will catch up with improving adoption and protocol fundamentals.
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- Standard Chartered compared Ethereum’s current price weakness to Amazon during the 2001 tech crash.
- Geoffrey Kendrick said Ethereum’s internal metrics continue improving despite ETH’s sharp decline.
- The bank maintained ETH targets of $4,000 by end-2026 and $40,000 by end-2030.
Ethereum’s price decline does not match the strength of its network activity, according to Standard Chartered. The bank compared ETH’s recent weakness to Amazon during the 2001 dot-com crash, when the stock fell sharply while internal business metrics kept improving.
Notably, Standard Chartered’s Geoffrey Kendrick said ETH may eventually catch up to Ethereum’s internal metrics. The bank kept its long-term price targets unchanged, even after ETH fell sharply from its August 2025 high.
Standard Chartered Sees Amazon Parallel
Standard Chartered said Ethereum’s recent underp…
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