Banking giant just issued major Ethereum price upgrade for 2025
Standard Chartered has issued a bullish projection for Ethereum (ETH), raising the cryptocurrency’s price target to $7,500 by the end of 2025. The new forecast, which factors in Ethereum’s ongoing bullish run, represents an 87.5% jump from the bank’s previous estimate of $4,000. It also marks an increase of about 60% from the asset’s current trading value of $4,653. ETH one-week price chart. Source: Finbold The bank’s Global Head of Digital Assets Research, Geoff Kendrick, also extended his outlook beyond 2025. He now expects the world’s second-largest cryptocurrency by market cap to end 2026 at $12,000 (up from $5,000), reach $18,000 by the end of 2027 (up from $6,000), and hit $25,000 for both 2028 and 2029 (up from $7,500). Standard Chartered also projects ETH will surpass its November 2021 all-time high of $4,866 before the end of Q3 2025. Why Standard Chartered is bullish on ETH According to Kendrick, the optimistic outlook stems from a dramat...