Standard Chartered Warns of Possible Drop to $1,400

Standard Chartered said Ethereum could slide toward $1,400 before any recovery, as demand weakens and selling pressure stays active. Meanwhile, ETH traded near $1,920 and kept breaking former support, while IncomeSharks pointed to a possible retest of April lows if weakness continues.

Standard Chartered Says Ether Could Drop to $1,400 Before Rebound

Standard Chartered said in a client note that Ether’s price may fall toward about $1,400 in the coming months before any sustained recovery takes hold. The bank highlighted a broader market correction underway, and said weaker investor demand and sell pressure tied to ETF outflows are key reasons for this near-term outlook.

The firm also cut its year-end 2026 target for Ethereum to about $4,000, down significantly from prior forecasts near $7,500, reflecting its revised view of near-term risks in crypto markets. This projection accompanies a similar outlook for Bitcoin, which Standard Chartered expects could test lower levels before stabilizing later in the year.

Analysts at the bank framed the potential $1,400 level as part of a “final capitulation” phase as risk appetite cools and macroeconomic pressure persists, before conditions eventually support a rebound. 

Ethereum Slides as Analyst Flags April Lows Risk

Meanwhile, Ethereum traded near $1,920 on the daily ETH/USD chart from Coinbase dated Feb. 12, 2026, extending a months-long decline after breaking below a prior support band. The chart shows price slicing through the $2,500–$2,700 zone and pressing into the $1,900–$2,100 area, a region that acted as demand earlier in the cycle. As a result, the structure remains bearish, with rebounds failing to reclaim former support levels.

Ethereum U.S. Dollar Daily Chart. Source: IncomeSharks

At the same time, on-balance volume (OBV) trended lower into February, which signals sustained distribution rather than accumulation. The indicator peaked during the late-2025 rally and then rolled over as price formed lower highs. Therefore, downside follow-through aligned with weakening participation, while each bounce met selling near prior breakdown levels.

IncomeSharks wrote on X that even as a long-term bull, he does not see a reason to re-enter yet. He added that if Bitcoin already broke the April lows, Ethereum may follow and eventually revisit its own April base. In this context, the chart highlights a deeper demand band near the mid-$1,400s to $1,600s range as the next major area of interest if the current floor fails, while the near-term path stays defined by lower highs and failed reclaim attempts.