🚨🔴➡️Standard Chartered Lifts Ethereum Price Target to $7,500
🔴Standard Chartered analysts have significantly raised their price forecast for Ethereum, setting a new year-end target of $7,500, up from their previous estimate of $4,000. This bullish revision is fueled by a dramatic improvement in market conditions for the world's second-largest cryptocurrency. Key drivers cited in their report include aggressive buying from corporate treasuries and strong demand from newly launched spot Ethereum ETFs.⬇️
🔴The bank's analysts now predict ETH will surpass its previous all-time high of approximately $4,866 by the end of Q3. Looking further ahead, Standard Chartered's long-term outlook is even more optimistic, with a revised forecast of $25,000 for Ethereum by the end of 2028. This new prediction is a significant increase from their earlier 2028 target of $7,500, reflecting growing confidence in Ethereum's ecosystem and its potential for institutional adoption.⬇️