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cryptonews 2026-05-29 11:09:26

Ethereum Price Battles $2,000, But Standard Chartered Still Sees it Doubling to $4,000 This Year

Ethereum price is fighting to hold psychological ground as sellers have successfully pushed the asset below the $2,000. A deeper flush is already in motion? Standard Chartered Bank has reiterated its bullish long-term thesis, projecting ETH at $4,000 this year, though the bank simultaneously warns that a drop toward $1,400 could precede that move. The bank also cut its prior peak target from $10,000, citing competitive pressure from Layer-2 networks, but maintained a $40,000 ETH price target for 2030 under a strong adoption scenario. Standard Chartered Reaffirms $40K Ethereum Price Target Standard Chartered reaffirmed its long term $40,000 Ethereum price target despite $ETH lagging behind Bitcoin. The bank said Ethereum’s current valuation does not reflect rising network usage, DeFi activity, and tokenized… pic.twitter.com/nyfEmHYONa — BSCN (@BSCNews) May 29, 2026 Derivatives data show elevated open interest clustered near current support levels, a volatile setup. Can ETH break the downtrend? Discover: The Best Crypto to Diversify Your Portfolio Can Ethereum Price Break $2,000 Resistance? ETH’s technical picture has deteriorated. ETH is trading below major exponential moving averages, removing a layer of structural support that had anchored the trend since the spring recovery. The $1,900–$2,000 zone is now acting as resistance and support. The resistance above sits at where major EMAs cluster and where sellers have capped every rally attempt above $2,100. A reclaim of $2,200 on volume would be the first necessary step; clearing $2,300 would signal a momentum shift. Ethereum (ETH) 24h 7d 30d 1y All time Bulls would want ETH to reclaim $2,000 with conviction, compress back toward $2,200–$2,280 resistance, and build a base for a run toward Standard Chartered’s $4,000 as macro sentiment improves. Or, price could consolidate in the $1,900–$2,000 range for weeks, digesting losses before a directional break, likely tied to the next macro catalyst or ETH network upgrade timeline. With ETH now battling $2,000, traders are reassessing the near-term path carefully. Aggregated analyst forecasts still cluster in a $3,000–$6,000 bullish range over the coming cycles, but the path there may require patience, and possibly more pain first. Discover: The Best Token Presales Bitcoin Hyper Targets Early Mover Upside as Ethereum Battles Key Levels When a large-cap like ETH trades sideways or lower under its key averages, capital has historically rotated toward early-stage infrastructure plays with asymmetric upside potential, especially those addressing the exact scalability problems that are capping ETH’s fee capture and valuation narrative right now. Bitcoin Hyper ($HYPER) is a Bitcoin Layer-2 project with a genuinely differentiated position: the first-ever Bitcoin L2 to integrate the Solana Virtual Machine, delivering sub-second finality and low-cost smart contract execution on top of Bitcoin’s security layer. This is a direct technical response to Bitcoin’s core limitations—slow transactions, high fees, and lack of programmability, without sacrificing the trust model that makes Bitcoin valuable in the first place. The presale has raised $32 million at a current token price of $0.0136 , with staking available for early participants. The Decentralized Canonical Bridge enables native BTC transfers into the ecosystem. Research Bitcoin Hyper ahead of presale close. The post Ethereum Price Battles $2,000, But Standard Chartered Still Sees it Doubling to $4,000 This Year appeared first on Cryptonews .

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