Standard Chartered has revised its Ethereum forecast, now predicting a rise to $25,000 by 2028. This revision is based on increasing institutional investments and clearer regulatory conditions.
Standard Chartered Forecast
Standard Chartered has raised its prediction for Ethereum, forecasting a potential price of $25,000 by 2028. This announcement follows an institutional market update on cryptocurrencies.
Factors Driving Ethereum Growth
Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, notes that the forecast is supported by rising institutional interest and improving regulatory clarity in the digital assets sphere.
Market Impact
This forecast promises to transform the cryptocurrency market, particularly for Ethereum. The anticipated supply constraints resulting from institutional withdrawals may significantly boost its value in the near future. 'ETH could reach $25,000 by 2028, backed by increasing institutional accumulation and integration into traditional financial systems,' stated Geoffrey Kendrick.
The expected rise of Ethereum to $25,000 by 2028 highlights the importance of institutional investments and regulatory changes, which could significantly impact various assets within the cryptocurrency sphere.
