Standard Chartered raised its Ethereum forecast to $7,500.

Standard Chartered announced on Wednesday that it has raised its year-end price forecast for Ethereum (ETH) from $4,000 to $7,500. The bank cited increased interaction within the sector in recent months and the emergence of Ethereum treasury companies as reasons for this upgrade.

The organization also significantly revised its forecast for Ethereum by the end of 2028. The 2028 target, previously set at $7,500, has been increased to $25,000.

This points to a strong bullish outlook for Ethereum in the medium to long term. Bank analysts noted that the interest of institutional investors in Ethereum has increased, especially recently, which supports price stability and liquidity. Ethereum treasury companies are defined as institutions that manage their assets with long-term strategies and provide capital to the blockchain ecosystem. These structures are considered elements that can strengthen both network security and Ethereum’s institutional adoption.

Furthermore, according to Standard Chartered, Ethereum’s future potential depends not only on price increase but also on the expansion of use cases such as DeFi, NFT, and enterprise blockchain solutions. The bank emphasized that the combination of these factors strengthens the possibility of reaching a record level of $25,000 by 2028.

This revision has increased expectations that Ethereum could solidify its position as one of the strongest investment vehicles in the crypto market, alongside Bitcoin.

Leave a Reply

Your email address will not be published.

Previous Story

Wall Street Hits Record High, Volatility at Year’s Low

Next Story

Nikkei Exceeds 43,000 Points, Reaching a Historic High in Japanese Markets.

Latest from Blog

Go toTop