{"id":50955,"date":"2026-05-28T15:02:08","date_gmt":"2026-05-28T15:02:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/50955\/"},"modified":"2026-05-28T15:02:08","modified_gmt":"2026-05-28T15:02:08","slug":"amazon-rose-1000x-after-its-crash-standard-chartered-says-ethereum-is-next","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/50955\/","title":{"rendered":"Amazon Rose 1,000x After Its Crash, Standard Chartered Says Ethereum Is Next"},"content":{"rendered":"

Ethereum\u2019s (ETH<\/a>) current market weakness resembles Amazon during the aftermath of the dot-com crash, according to a note from Standard Chartered\u2019s Geoffrey Kendrick, who argued that the asset\u2019s internal network metrics continue improving even as ETH price performance lags sharply behind.<\/p>\n

Kendrick on Thursday compared Ethereum\u2019s current position to comments Jeff Bezos made years after Amazon\u2019s stock collapsed during the 2001 tech bust.<\/p>\n

\u201cThe stock is not the company. And the company is not the stock,\u201d Bezos said in a 2018 speech reflecting on Amazon\u2019s post-dotcom recovery. \u201cWhile the stock price was going the wrong way, everything inside the company was going the right way.\u201d<\/p>\n

Kendrick said the same dynamic now applies to Ethereum.<\/p>\n

The note arrives as ETH remains under pressure relative to both Bitcoin (BTC<\/a>) and its own prior cycle highs. Ethereum has fallen 57% from its August 2025 peak to roughly $2,100, while the ETH-BTC ratio has declined 37% over the same period.<\/p>\n

Standard Chartered Says Ethereum\u2019s Fundamentals Continue Improving<\/p>\n

Despite the price weakness, Standard Chartered argued Ethereum\u2019s internal metrics remain strong.<\/p>\n

Transaction counts and total value locked measured in ETH terms remain near all-time highs, according to the report.<\/p>\n

Kendrick argued the divergence between network activity and token price mirrors the disconnect Amazon experienced when its stock collapsed while the underlying business continued expanding during the early internet era.<\/p>\n

The bank reaffirmed its long-term Ethereum forecasts:<\/p>\n

$4,000 by end-2026
\n$10,000 by end-2027
\n$18,000 by end-2028
\n$40,000 by end-2030<\/p>\n

That would place the ETH-BTC ratio back near its 2021 highs around 0.08.<\/p>\n

Kendrick also noted that Amazon\u2019s stock, adjusted for splits, eventually rose roughly 1,000-fold from its post-dotcom lows.<\/p>\n

Stablecoins And Tokenized Assets Are Becoming Ethereum\u2019s Core Bull Case<\/p>\n

The report shifts Ethereum\u2019s investment narrative away from speculative trading cycles and toward financial infrastructure.<\/p>\n

Standard Chartered projects the stablecoin market will grow sixfold by the end of 2028. The bank also forecasts tokenized real-world assets excluding stablecoins will expand 50 times over the same period.<\/p>\n

Also Read: OpenAI Lobbies For AI Liability Shield That Triggers Only After 100 Deaths<\/a><\/p>\n

Ethereum currently dominates both sectors, hosting approximately 50% to 65% of stablecoin and tokenized real-world asset activity, according to the note.<\/p>\n

Those segments now account for more than half of the total value locked on Ethereum.<\/p>\n

The implication is that Ethereum may increasingly function as the base settlement layer for tokenized finance rather than simply a smart contract chain competing for retail activity.<\/p>\n

That positioning becomes more significant as traditional financial institutions continue experimenting with tokenized treasuries, onchain money markets, stablecoin settlement rails, and blockchain-based asset issuance.<\/p>\n

Ethereum\u2019s Price Weakness Comes As Institutional Adoption Expands<\/p>\n

Ethereum\u2019s underperformance against Bitcoin has frustrated investors throughout much of the current cycle. Spot Bitcoin exchange-traded funds attracted the majority of institutional inflows in 2025 and early 2026, while Ethereum lagged in relative performance.<\/p>\n

However, Kendrick argued the market may be underestimating Ethereum\u2019s role in the broader migration of financial infrastructure onto blockchain networks.<\/p>\n

The report stated that traditional finance equivalents moving onchain are likely to disproportionately benefit Ethereum because of its existing dominance in stablecoins and tokenized assets.<\/p>\n

That thesis increasingly positions Ethereum less as a speculative technology trade and more as foundational infrastructure for digital capital markets.<\/p>\n

The Amazon Comparison Reflects A Broader Shift In Ethereum\u2019s Narrative<\/p>\n

The Bezos comparison may resonate because it reframes Ethereum\u2019s current weakness as a valuation disconnect rather than evidence of deteriorating fundamentals.<\/p>\n

Amazon survived the collapse of the early internet bubble because its internal business metrics continued strengthening even while investor sentiment deteriorated.<\/p>\n

Standard Chartered argues Ethereum is now experiencing a similar phase.<\/p>\n

\u201cETH will catch up to the internal metrics,\u201d Kendrick wrote. \u201cIt is just a matter of time.\u201d<\/p>\n

Read Next: The Great Quantum Filter Is Coming And It Could Freeze Your Crypto<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Ethereum\u2019s (ETH) current market weakness resembles Amazon during the aftermath of the dot-com crash, according to a note…\n","protected":false},"author":2,"featured_media":50956,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[418,3408,24500,20677],"class_list":["post-50955","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-amazon","tag-bitcoin","tag-ethereum","tag-standard-chartered"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116652812065719374","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/50955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=50955"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/50955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/50956"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=50955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=50955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=50955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}