Cryptocurrency Investors Target Ethereum’s Bright Future

Key Points

1. Ethereum ETFs have seen net inflows exceeding $1.5 billion over the past two days.

2. Standard Chartered has set a price target of $7,500 for Ethereum by the end of 2028, with a long-term target of $25,000.

3. Ethereum treasury companies have purchased 3.8% of all circulating Ethereum since June, with plans to acquire tens of billions more, potentially exceeding $70 billion in reserves.

4. Stablecoins on the Ethereum network contribute to 40% of its revenue, with the U.S. stablecoin market exceeding $270 billion, further supporting Ethereum's price growth.

5. Geoff Kendrick, Head of Global Research at Standard Chartered, cited Ethereum's improved performance in recent months as a reason for raising price forecasts.