Standard Chartered Upgrades Ethereum Price Target to $7,500

Financial powerhouse Standard Chartered has revised its year-end price forecast for Ethereum to a bullish $7,500 mark. This substantial increase, announced on August 13th, reflects growing institutional investment and regulatory shifts that are influencing the cryptocurrency market. According to the report by The Block, this upward trajectory underscores Ethereum’s increasing appeal within the financial world, impacting overall market dynamics.