Standard Chartered compares Ethereum to Amazon during 2001 dot-com bubble burst, says ETH will catch up to internal metrics
The Block
Standard Chartered draws parallels between Ethereum’s current price decline and Amazon’s 2001 performance, asserting that internal growth metrics will eventually drive long-term price appreciation.Summary
Standard Chartered Bank analyst Geoffrey Kendrick compares Ethereum's recent price weakness to Amazon's stock trajectory during the 2001 dot-com bubble burst. Despite significant drops in ETH value, Kendrick highlights that internal metrics, such as transaction volume and total value locked, remain at all-time highs. He remains bullish on the asset, citing Ethereum's dominance in the growing stablecoin and tokenized real-world asset sectors as key drivers that will eventually align the market price with the network's internal performance. The bank maintains long-term price targets of $4,000 by 2026 and $40,000 by 2030.
(Source：The Block)