{"id":88294,"date":"2025-08-14T03:00:49","date_gmt":"2025-08-14T03:00:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=88294"},"modified":"2025-08-14T03:00:49","modified_gmt":"2025-08-14T03:00:49","slug":"ethereum-price-forecast-standard-chartered-eyes-7000-by-years-end","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=88294","title":{"rendered":"Ethereum Price Forecast: Standard Chartered Eyes $7,000 by Year\u2019s End"},"content":{"rendered":"

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has made a significant comeback with a 29% surge over the past week, approaching all-time high<\/a> (ATH) levels.<\/p>\n

Ethereum\u2019s price performance has prompted Standard Chartered, one of the UK\u2019s largest financial institutions, to significantly revise its price projections for the cryptocurrency.<\/p>\n

Ethereum Consolidates 4% Below All-Time Highs<\/h2>\n

Currently, the Ethereum price is consolidating above the $4,600 level, which could serve as a crucial support point as if ETH <\/a>breaks through its previous all-time high of $4,878 reached in 2021, it may enter a new phase of price discovery.\u00a0<\/p>\n

Presently, a mere 4% gap separates Ethereum\u2019s current price from that record, but analysts at Standard Chartered, led by Geoff Kendrick, are optimistic for a new bullish phase for the cryptocurrency.\u00a0<\/p>\n

They forecast <\/a>a bullish trend that could nearly double the Ethereum price by the end of the year, raising their year-end target from $4,000 to $7,500. Furthermore, they have set an ambitious 2028 target of $25,000 for ETH.<\/p>\n

Several key factors underlie this optimistic outlook. Firstly, the recent approval of Ethereum spot exchange-traded funds (ETFs) has led to significant market activity.\u00a0<\/p>\n

Ethereum ETFs recently recorded $1 billion in inflows, marking the largest daily influx to date. Year-to-date, these exchange-traded funds tracking ETH\u2019s price have attracted $8.2 billion, representing around 1.5% of Ethereum\u2019s market capitalization.<\/p>\n

Additionally, legislative progress in the United States, particularly with the passage of the GENIUS Act<\/a> and the CLARITY Act, has bolstered Ethereum\u2019s prospects.\u00a0<\/p>\n

These developments are expected to enhance liquidity in the Ethereum ecosystem, as a substantial portion of stablecoins\u2014often considered a stealth bullish driver for ETH\u2014are issued on the Ethereum blockchain.\u00a0<\/p>\n

Currently, major stablecoins like USDC, issued by Circle (CRCL), and USDT, developed by Tether, primarily operate within Ethereum\u2019s ecosystem, further supporting the altcoin\u2019s price performance.<\/p>\n

Greater Impact From Institutional Investments<\/h2>\n

Beyond these bullish developments, there is a growing trend among public companies adopting Ethereum treasury strategies similar to those employed by Strategy (formerly MicroStrategy) with Bitcoin <\/a>(BTC).\u00a0<\/p>\n

As reported <\/a>by NewsBTC on Tuesday, approximately 865,000 ETH is now held by these companies, reflecting a broadening interest from institutional investors looking to capitalize on Ethereum\u2019s long-term potential.<\/p>\n

Adding to the bullish sentiment, analyst VirtualBacon has shared forecasts suggesting that if Bitcoin approaches $150,000 and the ETH\/BTC ratio rises to 0.044, Ethereum could reach prices between $6,000 and $7,000 this year.\u00a0<\/p>\n

The analyst noted in a social media post <\/a>on X (formerly Twitter), that Ethereum\u2019s smaller market capitalization means that each dollar from institutional investors has a more pronounced effect on its price compared to Bitcoin.<\/p>\n

VirtualBacon identifies $3,350 as a potential floor for ETH, unless Bitcoin experiences a significant downturn. He emphasizes that the pivotal moment for Ethereum will be clearing the $4,850 resistance level, which could quickly propel ETH above $6,000.<\/p>\n

As of this writing, ETH trades at $4,636, registering a 4.3% surge in the 24-hour time frame.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has made a significant comeback with a 29% surge over the past week, approaching all-time high (ATH) levels. Ethereum\u2019s price performance has prompted Standard Chartered, one of the UK\u2019s largest financial institutions, to significantly revise its price projections for the cryptocurrency. Ethereum Consolidates 4% Below All-Time Highs […]<\/p>\n","protected":false},"author":0,"featured_media":88295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88294"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88294"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/88294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/88295"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}