Standard Chartered Raises Year-End Ether Price Target to $7,500

Standard Chartered has lifted its year-end forecast for ether to $7,500 from $4,000, citing stronger industry engagement and rising holdings of the cryptocurrency. The target is nearly 60% above Wednesday’s 3½-year high of $4,700.

The bank’s head of digital assets research, Geoff Kendrick, said growth in the stablecoin sector, projected to expand eightfold by 2028, would significantly boost Ethereum network fees, as most stablecoins operate on its blockchain.

Ether has surged over 50% in the past month, helped by the passage of the Genius Act, a new U.S. law regulating dollar-pegged stablecoins. Standard Chartered also raised its 2028 year-end forecast for ether to $25,000, expecting greater adoption for high-value transactions and increased treasury holdings.

Kursiv Uzbekistan also reports that Ethereum (ETH) has surged 56% in the past month, but traders aren’t convinced a rally past $4,000 is coming soon.