Kendrick's analogy is pretty harsh—Back in the day, Bezos said the internet bubble burst but Amazon didn't break. Now, ETH's fundamentals are improving, and the price will catch up sooner or later. A target of $4,000, trust it for now.

Standard Chartered's Global Head of Digital Asset Research Kendrick stated that Ethereum's recent decline should be likened to Jeff Bezos's analogy of Amazon's stock price during the internet bubble burst in 2001, emphasizing "stocks are not companies," Ethereum's fundamentals are still improving, and the price needs to be supported by fundamentals. The report mentioned that Amazon once fell to about $6 before growing into a trillion-dollar giant. The team maintains a target price of $4,000 by 2026 and $40,000 by 2030, implying approximately a twofold increase in the next 18 months, with about a 20x rise by 2030.