Banking giant just issued major Ethereum price upgrade for 2025
Main Idea
Standard Chartered has raised its price target for Ethereum (ETH) to $7,500 by the end of 2025, citing improved institutional buying and favorable regulatory developments.
Key Points
1. Standard Chartered projects ETH to reach $7,500 by end of 2025, up from its previous estimate of $4,000, marking a 60% increase from its current trading value of $4,653.
2. The bank's Global Head of Digital Assets Research, Geoff Kendrick, extended his outlook, expecting ETH to hit $12,000 by end of 2026, $18,000 by end of 2027, and $25,000 for both 2028 and 2029.
3. The bullish outlook is driven by accelerated institutional buying, nearly twice the pace of Bitcoin accumulation during peak periods, and pro-cryptocurrency regulation like the U.S. GENIUS Act.
4. Ethereum's technical developments, including scaling Layer 1 throughput and processing high-frequency transactions on Layer 2 networks like Arbitrum and Base, are also cited as positive factors.
5. Standard Chartered expects ETH to surpass its November 2021 all-time high of $4,866 before the end of Q3 2025.
Description
Standard Chartered has issued a bullish projection for Ethereum ( ETH ), raising the cryptocurrency’s price target to $7,500 by the end of 2025. The new forecast, which factors in Ethereum’s ongoing bullish run , represents an 87.5% jump from the bank’s previous estimate of $4,000. It also marks an increase of about 60% from the asset’s current trading value of $4,653. ETH one-week price chart. Source: Finbold The bank’s Global Head of Digital Assets Research, Geoff Kendrick, also extended his o...
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