Standard Chartered Raises Ethereum Price Prediction to $7,500

Standard Chartered has dramatically boosted its price forecast for Ethereum (ETH) this year, raising it to $7,500 from a previous prediction of $4,000. This optimistic outlook is fueled by growing demand for stablecoins and the increasing adoption of ETH-based ETFs. The bank highlights record inflows into ETH-related exchange traded funds (ETFs), driven by institutional investors seeking exposure to crypto assets. This surge in ETF investments has been a crucial driver behind Ethereum’s recent rally, bringing it close to its all-time high.