Standard Chartered Reaffirms $40K Ethereum Target Despite Market Slump

Key Facts

Amid heightened volatility in digital assets, Standard Chartered has reaffirmed its optimistic long-term outlook for Ethereum. According to reports, the bank maintained its price target of $40,000 for the asset, despite a substantial 60% decline in market prices. The bank's research suggests that current market valuations significantly underestimate the platform's actual network performance and long-term utility.

This bullish stance arrives as major cryptocurrencies face selling pressure, with Ethereum retreating from previous highs alongside Bitcoin and other altcoins. In comparison, firms like Bernstein have set more conservative targets near $6,600 for 2025 (per Reuters reports), making the Standard Chartered projection one of the most aggressive in the institutional space. Market data also shows correlated movements in crypto-exposed equities, including Standard Chartered's own shares (2888.HK).

Looking ahead, traders are monitoring ETH support levels to see if the asset can reclaim upward momentum. On the economic calendar, the US CB Consumer Confidence release on May 26, 2026, will be a key catalyst for broader market sentiment. Additionally, upcoming speeches from Fed officials, including Governor Waller on May 22, will be closely watched for clues on monetary policy that could impact liquidity flows into the crypto sector.