Standard Chartered: Reaffirms $40K Ethereum Target

Standard Chartered reaffirmed its $40K Ethereum price target, pinning the outlook on sustained DeFi dominance amid institutional flows.

The bank’s call arrives as ETH holds $2013.25 on the 4-hour chart, trapped below the EMA50 at $2088.1 and EMA200 at $2195.17. This positioning locks in a bearish trend structure while the MACD death cross at -28.81 keeps downside pressure intact.

RSI at 37.62 shows neutral momentum, yet price remains inside the Bollinger Bands with upper resistance at $2158.88. A test of that band could trigger short-term volatility exhaustion before any deeper probe of the lower band support at $1967.22. Traders watching ETH price prediction models now weigh whether DeFi inflows can override the technical headwinds seen over the past six months.