Ethereum News Today: Standard Chartered upgrades Ethereum price target to $7,500 near term

British multinational banking group Standard Chartered has upgraded its price target for Ethereum, setting a new near-term forecast of $7,500 for Ether (ETH), an increase of $3,500 from its prior projection of $4,000 [1]. This move signals a stronger institutional confidence in Ethereum’s market potential, particularly against the backdrop of increasing institutional adoption and regulatory progress in the crypto space. The firm also outlined a long-term bullish outlook, with price targets of $12,000 by 2026, $18,000 in 2027, and a bold $25,000 by 2028 [1]. These projections suggest a multi-year trajectory of growth for the second-largest cryptocurrency by market cap.

Standard Chartered attributed the revised forecast to several key developments, including the rising adoption of stablecoins and the growing participation of institutional investors in the Ethereum ecosystem [1]. The bank highlighted the increased engagement from key stakeholders, such as the Ethereum Foundation and Etherialize, as pivotal in shaping its updated outlook. Additionally, the passage of the GENIUS Act in July was identified as a regulatory milestone that is expected to support broader institutional and retail adoption of the asset [1].

The bank also projected Ethereum’s market capitalization to reach $2 trillion by 2028 [1], a significant increase from its current level. According to the report, Ethereum is expected to surpass its historical price peak by the third quarter of 2025. Furthermore, the ETH-to-BTC ratio is forecasted to rise from 0.036 to 0.05, indicating a shift in investor sentiment favoring Ethereum over Bitcoin within the crypto market [1].

However, current market conditions have seen a short-term pullback. At the time of the report, ETH was trading at $4,778 per coin, down 4.64% over the previous 24 hours [1]. The price decline reflects a temporary wane in buying pressure, with many other major altcoins following a similar downward trend. Despite this, Standard Chartered remains optimistic, pointing to long-term structural factors—such as institutional interest and regulatory clarity—as key drivers of Ethereum’s value creation.

The bank’s upgraded forecasts reflect a broader trend of increasing institutional legitimacy for cryptocurrencies and evolving regulatory frameworks that are beginning to support digital asset adoption [1]. While the projections are forward-looking and not based on immediate market performance, they underscore Standard Chartered’s strategic alignment with the growing role of crypto in global finance.

Source:

[1] Standard Chartered Upgrades Ethereum Forecast to $7,500 with Bold $25,000 Target for 2028 (https://zycrypto.com/standard-chartered-upgrades-ethereum-forecast-to-7500-with-bold-25000-target-for-2028/)