Standard Chartered has raised its Ethereum year-end price target to $7,500, up from $4,000, citing surging stablecoin demand, increased staking activity, and strong market momentum.

The bank expects the stablecoin market to grow eightfold by 2028, driving higher $ETH network fees, and sees #Ethereum potentially reaching $25,000 by then. ETH is already up over 50% this year following the US’s new stablecoin law, with trading volumes spiking and prices hitting $4,682 in the past 24 hours.