Standard Chartered reiterates its year-end target price of $4,000 for ETH and $40,000 by 2030.

On May 29, according to Decrypt, Standard Chartered Bank analysts stated in a report on Thursday that Ethereum's current price does not reflect the growth in its on-chain transaction volume or the value of digital assets deposited in DeFi applications. Ethereum's price has "significant room" to catch up with its internal metrics, as its native network is expected to benefit from Wall Street's steady migration to digital asset tracks. Ethereum has already dominated the stablecoin and tokenization markets, areas that are poised for rapid growth. Analysts reiterated their year-end price target for Ethereum at $4,000 and expect it to reach $40,000 by 2030. This would bring the Ethereum-to-Bitcoin price ratio back to 0.08. Standard Chartered Bank stated that stablecoins have accounted for 33% of Ethereum transactions year-to-date. The "economic zone" supported by the Ethereum Foundation, set to launch this summer, will further boost on-chain activity. As real-world assets are tokenized, if RWAs grow 50-fold as expected, Ethereum's importance will increase dramatically, with transaction volume and total locked value continuously setting new historical highs.