Ethereum price is fighting an uphill battle to maintain its psychological levels, after sellers managed to push the currency below the $2,000 mark. The current moves raise a fundamental question: are we starting to see a deeper decline in the market?
For its part, Standard Chartered Bank renewed its optimistic long-term view, expecting the ETH price to reach $4,000 in the current year, despite its simultaneous warning of the possibility of a decline towards the $1,400 level before relaunching. The bank also reduced its previous peak price target of $10,000, citing competitive pressures from Layer 2 networks, but maintained its ambitious target of $40,000 by 2030 in a strong network adoption scenario.
Standard Chartered Reaffirms $40,000 Ethereum Price Target
Standard Chartered has reaffirmed its long-term Ethereum price target of $40,000 despite $ETH lagging behind Bitcoin.
The bank said that Ethereum’s current valuation does not reflect the growing network usage, DeFi activity and tokenization… pic.twitter.com/nyfEmHYONa– BSCN (@BSCNews) May 29, 2026
Derivatives data shows a rise in open positions near current support levels, paving the way for high volatility. Does Ethereum have the potential to break the downtrend?
Will Ethereum price manage to break through the $2,000 resistance?
Ethereum’s technical situation has deteriorated significantly as the coin is now trading below major EMAs, losing a layer of structural support that had protected the trend since last spring’s rally. The $1,900-$2,000 zone has now transformed into a battleground that acts as both support and resistance.
Resistance lies above the conglomerate of major moving averages, where sellers have managed to quell any attempts to move above the $2,100 level. Reclaiming the $2,200 level with high trading volume would be the necessary first step, while breaking above $2,300 would be a real signal of a change in momentum.
Bulls are hoping for a strong recovery from the $2,000 level, then a push towards resistance between $2,200 and $2,280, to build a launchpad towards Standard Chartered’s target of $4,000 as macroeconomic sentiment improves.
On the other hand, the price could continue to fluctuate sideways between $1,900 and $2,000 for weeks, absorbing losses before a directional breakout occurs, which will likely be related to upcoming economic catalysts or the Ethereum network update schedule.
With Ethereum currently struggling at $2,000, traders are carefully reassessing the immediate path forward. Although analyst consensus expectations are still between $3,000 and $6,000 in the coming sessions, reaching these numbers may require patience, and perhaps facing more price-related challenges first.
Bitcoin Hyper Project Gains Attention as Ethereum Faces Critical Levels
Historically, when major currencies like Ethereum trade sideways or lower below their major averages, liquidity shifts to emerging infrastructure projects that provide asymmetric growth opportunities, particularly those that address the scalability issues that currently hamper Ethereum’s ability to charge fees and its market valuation.
Project Highlights Bitcoin Hyper ($HYPER) As a second-tier solution for Bitcoin in a prime position; It is the first Bitcoin L2 project to integrate the Solana Virtual Machine (SVM), enabling ultra-fast transaction completion and low-cost smart contract execution, while leveraging Bitcoin’s security layer.
This project is a direct technical response to Bitcoin’s fundamental limitations, such as slow transactions, high fees, and lack of programmability, without sacrificing the trust model that gives Bitcoin its fundamental value.
The pre-sale of the project managed to collect $32 million The current price of the token is $0.0136with a staking option available for early participants. The decentralized canonical bridge also allows for seamless transfers of native Bitcoin within the ecosystem.
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