TheBlock
Standard Chartered has drawn a striking parallel between Ethereum today and Amazon during the 2001 dot-com bust, arguing that ETH is trading well below its internal fundamental metrics — just as Amazon did before its historic multi-year recovery.
The bank's analysts contend that the gap between Ethereum's current market price and what the network's on-chain activity, developer engagement, and fee-generation capacity would imply is analogous to the discount Amazon carried at the trough of the dot-com crash. In that framing, the underperformance is not a structural verdict on Ethereum's relevance — it is a temporary dislocation.
Standard Chartered's call carries weight precisely because it comes from a regulated global bank with a dedicated digital-assets research desk.
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