CoinVoice has recently learned that, according to Jintou News, Standard Chartered Bank will raise its year-end target price for Ethereum from $4,000 to $7,500 on Wednesday, citing improved industry participation and an increase in Ethereum holdings in recent months. The new target price represents a nearly 60% premium over the more than three-and-a-half-year high of $4,700 that Ethereum reached on Wednesday.

Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated that the stablecoin industry is expected to grow approximately eightfold by the end of 2028, which will have a significant impact on the fees of the Ethereum network. [Original link]