Standard Chartered Predicts Ethereum Price Could Reach $7,500 by Year-End

Ethereum (ETH) has surged 29% over the past week, nearing all-time highs.

  • Current price consolidates above $4,600, only 4% below the previous all-time high of $4,878.
  • Standard Chartered raised its year-end price target for ETH from $4,000 to $7,500, with a long-term forecast of $25,000 by 2028.
  • Recent approval of Ethereum spot ETFs led to $1 billion in inflows, totaling $8.2 billion year-to-date.
  • Legislative advancements in the U.S., including the GENIUS Act and CLARITY Act, enhance Ethereum's liquidity prospects.
  • Public companies are increasingly adopting Ethereum treasury strategies, holding approximately 865,000 ETH.
  • Analyst forecasts suggest ETH could reach $6,000 to $7,000 if Bitcoin approaches $150,000 and the ETH/BTC ratio rises to 0.044.
  • Key support identified at $3,350; breaking the $4,850 resistance may propel ETH above $6,000.

As of now, ETH is trading at $4,636, reflecting a 4.3% increase in the last 24 hours.