Standard Chartered Bank likened Ethereum to Amazon during the dot-com bubble burst in 2001 and is bullish on ETH until 2030.

CoinFeed reported on May 28th that, according to The Block, Standard Chartered Bank believes the recent sharp drop in ETH prices does not reflect continued improvement in Ethereum network metrics, comparing it to Amazon's period after the bursting of the 2001 dot-com bubble. The bank maintains its ETH price target of $4,000 by the end of 2026 and $40,000 by the end of 2030, and expects the ETH/BTC exchange rate to recover to approximately 0.08 by the end of this decade. The bank states that Ethereum's dominance in the stablecoin and RWA (Real-World Asset Tokenization) sectors, projecting that the market capitalization of both stablecoins and non-stablecoin RWAs will reach approximately $2 trillion by 2028, driving record highs in Ethereum transaction volume and TVL, and ultimately pushing ETH prices higher.