Gold prices edge lower; heading for weekly losses ahead of U.S.-Russia talks
Investing.com - Standard Chartered has significantly increased its price target for Ethereum (CRYPTO:ETH), projecting the cryptocurrency to reach $7,500 by the end of 2025, up from its previous forecast of $4,000. The cryptocurrency has shown remarkable momentum, with a 67% gain over the past year and currently trading at $42.6.
The banking giant also raised its longer-term outlook, setting a new price target of $12,000 for Ethereum by the end of 2026, compared to its previous estimate of $5,000.
Standard Chartered expects Ethereum to surpass its previous all-time high of $4,866, reached in November 2021, by the end of the third quarter of this year.
The bank’s updated forecast extends further into the future, with new targets of $18,000 by end-2027 (up from $6,000), and $25,000 by both end-2028 and end-2029 (up from $7,500).
These revised projections represent substantial increases from Standard Chartered’s previous outlook, with the 2025 target now 87.5% higher and the 2026 forecast showing a 140% increase from earlier estimates.
In other recent news, Grayscale Ethereum Mini Trust ETF announced a change to its index price calculation platforms. CoinDesk Indices, Inc., the index provider for the ETF, has added LMAX Digital as a constituent trading platform for the CoinDesk Ether Price Index (ETX). This update was based on a recent SEC filing and took effect Sunday. The inclusion of LMAX Digital follows the platform meeting the index provider’s minimum liquidity requirement during its scheduled quarterly review. Importantly, no existing platforms were removed as part of this process. These developments reflect ongoing adjustments in the ETF’s operational framework.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.