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- Standard Chartered has lifted its Ethereum price target to $7,500, citing rising investor interest and stablecoin growth.
- Long-term forecast points to $25,000 by 2028 as network use and institutional holdings expand.
The price of Ethereum is back in the spotlight after Standard Chartered raised its year-end target to $7,500. The bank cited stronger activity in the sector and growing holdings of Ethereum treasury firms in recent months.
The forecast comes as the coin trades close to its highest level in more than three years, helped by new U.S. rules on stablecoins.
Standard Chartered Raises Ethereum Price Outlook
According to Reuters, Standard Chartered has increased its year-end forecast for the Ethereum price from $4,000 to $7,500. This target is nearly 60% higher than Ether’s recent peak of $4,700. The bank’s head of digital assets research, Geoff Kendrick, said the change reflects better industry participation and rising ownership among investors.
Ethereum has climbed more than 50% in the last month, with a large part of the rally following the approval of the Stablecoin Act.
Previously, CNF reported that the U.S has signed the Genius Act into law, setting a regulatory framework for dollar-backed stablecoins. Notably, the move has been welcomed by market stakeholders, with hopes it will lead to wider use of digital assets.
Ethereum stands apart from Bitcoin in that holders can stake their tokens. Staking locks up the coins to support the Ethereum network and, in return, provides a reward. This has added to its appeal at a time when more investors are looking for returns beyond price gains.
The network’s role in stablecoin activity is also a major factor. Most stablecoins are created and traded on Ethereum, meaning demand for ether rises as it is needed to pay transaction fees. This link between the two markets has been central to the recent surge in Ethereum price.
Long-Term View Points to $25,000
Standard Chartered also looked beyond 2024, raising its 2028 forecast from $7,500 to $25,000. Kendrick said the projection is based on expectations that the stablecoin market could grow eight times by the end of the decade. That growth would directly boost transaction activity on Ethereum, lifting network fees and supporting higher prices.
Additionally, other notable figures in the digital asset market also shared their price outlook. For example, former Bitmex CEO Arthur Hayes, as discussed in our previous news, predicted that Ethereum would reach $10,000 by the end of 2025. As of writing, the Ethereum price was changing hands for $4,724, up 2.2% in 24 hours per Marketcap data.
Still, Kendrick added that Ethereum’s main blockchain could also become a solid platform for high-value transactions, especially those connected to traditional finance. Expanding Layer 1 capacity would make this more feasible.
Another element in the outlook is the potential for Ethereum treasury companies to hold up to 10% of the total supply of Ether. Such a move could reduce available supply in the market, creating further upward pressure on the Ethereum price.
It is important to add that with the digital asset already testing levels near its all-time high, the months ahead will show whether the market can match Standard Chartered’s bullish call. Beyond the price outlook, CNF noted that Ethereum’s market cap climbed to $523 billion. This made the coin surpass Mastercard’s $519 billion valuation.
