Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, released an updated long-term outlook projecting Ethereum could reach $40,000 by 2030.
At the current circulating supply, that implies a network valuation of roughly $4.8 trillion — putting ETH’s potential market cap in the same league as the largest global technology and financial companies today.
The report positions 2026 as the pivotal “year of Ethereum,” driven by four key growth engines.
Standard Chartered’s analysts view 2026 as the year multiple tailwinds converge:
If these pieces fall into place, the path to significantly higher valuations becomes more realistic.
At the time of writing, Ethereum trades around $4,100–$4,200 (mid-January 2026), roughly 10× below the 2030 target.
The forecast assumes continued execution on scaling, no major regulatory setbacks in key jurisdictions, and steady institutional adoption.
