Standard Chartered's Kendrick: ETH Price Weakness Contrasts with Improving Metrics

Geoffrey Kendrick from Standard Chartered Bank has expressed that the current price weakness of Ethereum does not align with the cryptocurrency's improving internal metrics. According to NS3.AI, Kendrick noted that ether has experienced a decline of approximately 57% from its peak in August 2025, bringing its value down to around $2,000. Despite this downturn, Kendrick remains optimistic about Ethereum's future, maintaining price targets of $4,000 by the end of 2026 and $40,000 by the end of 2030.