Standard Chartered analyst Geoffrey Kendrick is betting big on Ethereum’s next leg up — forecasting a new all-time high in 2026 and calling 2026 “the year of Ethereum, much like 2021 was.” Key price calls from the bank: - 2026: ETH to reach $7,500 (about a 140.15% rally from current levels) - 2029: $30,000 (roughly an 860.6% rise) - 2030: $40,000 (about a 1,180% gain) Despite the bullish long-term view, Standard Chartered has actually trimmed this forecast from an earlier projection. Kendrick’s outlook follows a volatile 2025 for ETH: the token surged to a new all-time high of $4,946.05 in August 2025, then fell nearly 37% during a sharp correction late in the year. Short-term price action is mixed. CoinGecko shows ETH up 6.3% over the past 14 days and 0.4% month-to-date, but down 1.1% in the last 24 hours and 2.9% over the past week. The cryptocurrency is still tracking a broader market pullback as risk appetite shrinks. Macroeconomic context matters: investors have recently favored perceived safe havens like gold and silver — both of which hit multiple new highs in recent months — signaling caution toward risk assets such as crypto. That dynamic could persist unless broader economic indicators improve, at which point momentum could swing back in Ethereum’s favor. Bottom line: Standard Chartered’s multi-year targets are very bullish, but come amid a fragile market and after the bank pared back prior predictions — underscoring both the upside potential and the uncertainty ahead for ETH. Read more AI-generated news on: undefined/news

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