Standard Chartered has announced revised price targets for Ethereum, highlighting the significant impact of institutional demand and asset accumulation.
Ethereum Price Forecast
Standard Chartered has raised its price target for Ethereum (ETH) to $25,000 by 2028. Geoffrey Kendrick, the bank's Global Head of Digital Assets Strategy, indicated that the current price dip to around $4,500 is a great entry point.
Institutional Demand
Kendrick noted that growing treasury investments and record ETF inflows suggest long-term bullish sentiment, reinforcing confidence in Ethereum as a valuable asset. Companies like BitMine and SharpLink Gaming have significantly increased their ETH holdings, with BitMine planning to allocate $22 billion, nearly 5% of the total supply.
Regulatory Changes and DeFi
Regulatory clarity on stablecoins in the U.S. has further stimulated Ethereum's adoption. This regulatory update contributes to Ethereum's expanding role in decentralized finance (DeFi), reinforcing its strategic importance. Future regulatory developments and technological advancements could further influence Ethereum's market position.
Markets are closely watching institutional inflow trends and regulatory changes that could impact Ethereum's future growth.
