It's a drop, but Standard Chartered's $4,000 target is pretty bold, and on-chain data hasn't really collapsed—let's trust it for now.

Standard Chartered Group states that Ethereum's current price has fallen to approximately $1,980, down 4-5% within 24 hours, triggered by market sell-offs due to tensions between the US and Iran, with a market cap roughly evaporating $80 billion. Despite ETF fund outflows and market sell-offs, Standard Chartered remains optimistic about Ethereum, targeting a price of $4,000 by the end of 2026. Kendrick said that the weak price does not reflect network indicators, with on-chain activity and locked assets approaching historical highs; the stablecoin market is expected to reach $2 trillion by 2028, with Ethereum currently supporting about 54% of stablecoins.