Ethereum has fallen hard. The token dropped roughly 60% from its August 2025 peak near $5,000. It now trades around $2,000. Many investors feel the sting. Yet one major bank argues the sell-off hides a stronger story. Standard Chartered Bank’s Optimistic View Geoffrey Kendrick, global head of digital assets research at Standard Chartered, compares the situation to Amazon after the 2001 dot-com bust. Back then Jeff Bezos told shareholders the stock price did not reflect the company’s improving operations. The market eventually caught up. “Ethereum appears to be on a similar path,” Kendrick’s team wrote in a note covered by Yahoo Finance today. Transaction volumes sit near all-time highs. Total value locked has held steady at elevated levels. The network processes 54% of all stablecoins. Stablecoins drive about one-third of year-to-date transactions on Ethereum and account for 60% of its gross value locked. These figures tell a tale of real usage. Price simply hasn’t followed. Short-term sentiment stays weak.…