Ethereum (ETH) Drops 60% But Analysts Forecast Strong Recovery

AI Summary

Ethereum (CRYPTO: $ETH) has dropped approximately 60% from its August 2025 high, now trading around $2,000. Despite this decline, a report from Standard Chartered Bank indicates that Ethereum's underlying metrics, such as transaction volumes and total value locked, remain near all-time highs. The network holds 54% of all stablecoins, which constitute about one-third of its year-to-date transactions. Analysts maintain a bullish forecast, projecting Ethereum to reach $4,000 by late 2026 and $40,000 by the end of 2030, focusing on its robust internal health amidst current market sentiment.