Standard Chartered Suggests Ethereum Could Reach $7,500 by Year-End Amid Institutional Interest and Regulatory Changes
Main Idea
Standard Chartered has raised its year-end price target for Ethereum to $7,500, citing strong growth potential and increased institutional buying.
Key Points
1. Standard Chartered increased its Ethereum price target from $4,000 to $7,500 by year-end.
2. Current Ethereum price is $4,695.65 with a market cap of $566.81 billion.
3. Institutional buying since June has significantly impacted Ethereum's price, enhancing its appeal as an asset class.
Description
Standard Chartered has raised its year-end Ethereum price target to $7,500, driven by increasing institutional interest and favorable regulatory changes, indicating strong growth potential for the cryptocurrency. Ethereum’s price target
$ETH
$4666.16
+6.12%
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