Standard Chartered analysts have significantly raised their forecasts for the price of Ethereum and now predict that the crypto will reach $7,500 in December (up from $4,000 previously) and $25,000 in 2028 (up from $7,500 previously), as reported by CoinDesk.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
The bank cited aggressive corporate treasury purchases, spot ETF inflows, favorable US regulations on stablecoins, and technical improvements as key factors.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
Geoffrey Kendrick, Head of Digital Assets Research, expects ETH to surpass its all-time high ($4,866) in the third quarter.
Since June, corporate treasuries and ETFs have purchased around 3.8% of the circulating supply.