Ethereum (ETH) has been demonstrating significant activity in recent weeks, reaching new heights and approaching a key resistance level.
General Trends in the Ethereum Market
Ethereum has fallen to the $3,800 level after hitting a seven-month high of $3,940. It is expected to surpass the $4,000 resistance level.
Standard Chartered Predictions
Standard Chartered analyst Geoff Kendrick stated that Ethereum will continue its rise due to increasing institutional demand. If purchases of ETH from institutional investors continue, it could breach the $4,000 key level, which is the bank's estimate for the end of 2025.
Institutional Investments in Ethereum
The report noted that since early June, institutional treasuries have purchased 1% of all circulating Ethereum. Standard Chartered also highlighted that ETH treasury holdings could reach 10% of the supply due to staking returns and DeFi access.
With significant institutional interest and potential growth incentives, Ethereum is on the path to achieving new all-time high prices.
