Crypto

Standard Chartered Reaffirms $40K Ethereum Price Target Due to DeFi Dominance

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In brief

  • Standard Chartered highlighted a stark disparity between Ethereum’s current price and its growing network activity.
  • Despite Ethereum underperforming compared to Bitcoin’s resilience, the bank reiterated $4,000 and $40,000 price targets.
  • The network’s long-term upside is heavily tied…

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