Ethereum Keeps 2.05k Price Amidst StanChart $40k Estimate
Ethereum (ETH) is trading at $2,050, down less than 1% over the last 24 hours, on optimism and fear amid Standard Chartered’s (StanChart) price expectations.
With $248 billion in market capitalisation at the press time, ETH’s trading volume increased by 20% over 24 hours, settling at $8.5 billion on Sunday, according to data obtained from crypto exchanges.
Traders reported that Ethereum’s price is consolidating, while on-chain data suggests underlying buying pressure. Specifically, the altcoin price is consolidating near $2,050 after a sharp decline.
Market attention is intensely focused on the $1,400 to $1,800 range, which analysts identify as a crucial accumulation and buying zone at the lower boundary of Ethereum’s market structure.
Technical traders said immediate resistance is noted at $2,100–$2,150. This is neutral for Ethereum in the short term as it establishes a base, but bullish if the support holds. A sustained break above $2,150 could improve sentiment and target $2,400, while a failure of the $1,800 support would signal deeper downside risk.
On-chain analyst Darkfost noted that Ethereum’s Net Taker Volume—which tracks the difference between aggressive buy and sell orders—turned positive on April 4 for the first time since the previous bear market.
According to crypto analysts, the metric showed a positive difference of over $104 million, indicating buyers are prevailing in the derivatives market. This is a bullish signal for Ethereum, suggesting a potential shift in market structure and the formation of a strong bottom.
Ethereum is at a technical crossroads, building a base at a historically significant support zone while derivatives data flashes an early bullish signal.
Despite pressures in the crypto market, Standard Chartered’s top digital assets analyst says Ethereum could deliver nearly three times the relative returns of Bitcoin by 2030, driven by institutional adoption.
Geoff Kendrick, the bank’s Global Head of Digital Assets Research, laid out a striking pair of price targets during a recent appearance on the Milk Road podcast: $500,000 for Bitcoin and $40,000 for Ethereum by the end of the decade.
The headline number for Bitcoin sounds enormous, yet it represents roughly a 7.5x gain from current levels near $66,400. Ethereum, trading around $2,050 at the time of his comments, would need to climb 20x to hit his target.
That gap in potential returns is where things get interesting for anyone allocating capital across digital assets. Bitcoin Price Climbs on Standard Chartered $500k Prediction
