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Standard Chartered Reaffirms $40,000 Ethereum Price Target on May 29

GateNews

Price Prediction

2026-05-29 11:37:50

ETH2.63%

BTC1.67%

According to Standard Chartered Bank, the bank reaffirmed its long-term $40,000 Ethereum price target on May 29, despite ETH lagging Bitcoin in recent market performance. The bank believes Ethereum's current valuation underestimates the network's utility and adoption. Standard Chartered highlighted rising decentralized finance activity, stablecoin dominance on Ethereum, and expanding institutional adoption as key drivers for the price prediction. Analysts argued that Ethereum controls the most valuable blockchain sectors and that steady network usage growth reflects real adoption rather than speculative demand.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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