TechFlow News, May 28: According to a report by The Block, Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, released a new report stating that ETH’s recent price weakness does not reflect Ethereum’s continuously improving on-chain fundamentals. He compared ETH’s current trajectory to Amazon’s stock following the 2001 dot-com bubble burst, asserting that “price will eventually catch up with fundamentals—it’s only a matter of time.”
The report notes that Ethereum’s on-chain transaction volume and total value locked (TVL), denominated in ETH, have both remained at historical highs. Ethereum continues to dominate stablecoin settlements (54% share) and tokenized real-world assets (RWA) (62% share). Kendrick maintains his ETH price targets: $4,000 by end-2026 and $40,000 by end-2030. He also forecasts that the ETH/BTC ratio will rebound to approximately 0.08—near its 2021 peak—by the end of this decade.
