Ethereum Could Soar to $25,000 by 2028: Standard Chartered
Main Idea
Standard Chartered has significantly raised its Ethereum price target to $25,000 by 2028, citing improved market conditions and key drivers like Ethereum ETFs and network upgrades.
Key Points
1. Standard Chartered revised its Ethereum price forecast to $7,500 by the end of 2025, up from $4,000, and projects $25,000 by 2028.
2. Key drivers for the revised outlook include Ethereum ETFs purchasing 3.8% of circulating ETH, regulatory progress for stablecoins, and planned network upgrades.
3. Ethereum's price is currently $4,713.37, nearing its November 2021 all-time high of $4,878, with a 39% increase in odds of reaching $5,000 this year.
4. Market liquidations topped $294 million as ETH approached new all-time highs, with a 52.7% price increase over the past month.
5. Ethereum ETFs and strategic reserves now hold 7.98% of ETH's total supply, up from 3% in early April, reflecting growing institutional interest.
Description
Ethereum nears its record high as analysts point to institutional buying and stablecoin growth as catalysts for the next rally.
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