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Ahmed Barakat
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Ethereum is seeing a quiet comeback, even as the price declines. The price of ETH has fallen below $1,900, well below its late 2024 highs, while Bitcoin continues to show weak performance across the cycle, which Standard Chartered says is now directly working in favor of Ethereum.
Jeffrey Kendrick, head of digital asset research at Standard Chartered, told clients this week that the strategy’s unveiling of a 32-bitcoin sale worth $2.5 million could mark a structural turning point for the ETH/BTC ratio.
On the day of the announcement, ETH posted one of the largest one-day outperformance moves versus BTC in recent years, an event that has occurred only 23 times since the start of 2024. Kendrick expects the ETH/BTC ratio to rise from 0.028 to 0.04 by the end of the year, meaning a relative outperformance of more than 40% for Ethereum.
The Ethereum price target is $2,700 in the near term, assuming Bitcoin’s price holds below $70,000, $4,000 by the end of the year, and $40,000 by 2030.
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Could Ethereum Price Hit $4,000 This Year as ETH/BTC Ratio Shifts?
Ethereum is trading below $1,900, or 62% below its August peak of around $5,000. The ETH/BTC ratio is around 0.028, down sharply from its high of 0.042.
Kendrick’s thesis is based on a structural argument: treasury companies holding Ethereum can hold Ethereum to generate yield, funding operations without forced coin sales. Bitcoin treasuries do not have a cash flow equivalent mechanism, and Strategy’s sales highlighted this friction in real time.
He argues that this supports a higher adjusted net asset value for ETH-based treasuries and reduces selling pressure on the asset itself. It’s a point the market has been slow to price in, which may be exactly why the opportunity exists.
For bulls, they want to reclaim ETH/BTC 0.04 by Q4, with ETH trading towards $4,000 as RWA token volume accelerates higher. However, a widespread risk-off event causes both ETH and BTC to decline; Take advantage of long flashes Similar to recent Bitcoin liquidations, ETH could reset below $1,600 and delay the recovery until 2026.
Standard Chartered is not alone in pointing to the structural decline in the value of ETH; Many analysts have compared ETH’s current discount to Amazon’s post-dot-com low before its decade-defining rebound.
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Bitcoin Hyper targets early bull move as Ethereum signature narrative heats up
The returns argument driving Kendrick’s thesis on ETH reflects a broader market shift: Infrastructure that generates a local yield is being revalued faster than passive assets. Bitcoin, which has historically stayed away from this dynamic, may change.
Traders rotating within the Bitcoin ecosystem are looking forward to a project that brings programmable yield infrastructure directly to BTC.
Bitcoin Hyper It positions itself as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, providing sub-second finality and intelligent execution of contracts on Bitcoin’s security layer faster than Solana itself.
It sparked a pre-sale $32.7 million At a current nominal price of $0.013681with high 36% annually Staking is already live for the first participants. Core infrastructure features include Canonical’s decentralized bridge for BTC transfers, ultra-low-latency L2 processing, and high-speed, low-cost transaction execution that targets the three fundamental limitations of Bitcoin: slow throughput, high fees, and zero native programmability.
Find Bitcoin Hyper here Before the next pricing phase closes.
