Ethereum Poised to Outperform Bitcoin as BTC Drops, Says Standard Chartered
Standard Chartered analyst Geoff Kendrick argues that Strategy's $2.5 million BTC sale marked a turning point, as Ethereum outpaced Bitcoin during BTC’s slide and appears undervalued relative to improving network metrics. Kendrick believes BTC’s waning dominance could lift ETH, aided by Ethereum’s staking rewards and growing Wall Street interest in stablecoins and tokenization, with a year-end ETH target near $4,000 and a long-run view toward $40,000 domestically. The analysis highlights differences in business models for ETH- vs BTC-buying firms and suggests an “alt-season” dynamic may re-emerge as Ethereum benefits from on-chain fundamentals despite Bitcoin’s price weakness.