Standard Chartered predicts Ethereum could reach $25,000 by 2028

Standard Chartered Bank has just made an optimistic forecast about the price of Ethereum ($ETH ), targeting $25,000 by 2028. This marks a significant change from the negative forecast in March, reflecting a substantial improvement in the market in recent months.

Factors driving growth

Geoff Kendrick, Head of Digital Asset Research at #StandardChartered , stated that the main drivers for this change in forecast include:

Strong institutional inflows: Treasury companies and Ethereum ETFs have purchased up to 3.8% of the total ETH supply since June, nearly double the rate of Bitcoin during the peak period.

GENIUS Act: The new U.S. legislation creates a clear legal framework for stablecoins, enhancing liquidity and promoting the development of DeFi. Stablecoins, which account for 40% of transaction fees on the blockchain, are primarily issued on Ethereum.

Network upgrades: Upcoming upgrades to Ethereum are also expected to boost the value of the network.

Price predictions and risks

According to Standard Chartered, the price of ETH could reach $7,500 by the end of 2025, followed by $12,000 (2026), $18,000 (2027), and $25,000 (2028-2029).

Currently, the price of ETH is trading at $4,713, just 4.1% away from its historical peak of $4,878. Despite the optimistic forecasts, some analysts remain cautious, suggesting that this is merely a reflection of a more positive market sentiment rather than a certain price target. #anh_ba_cong