Standard Chartered Bank raises Ethereum's year-end target price to $7,500

ChainCatcher news, according to Jinshi reports, Standard Chartered Bank will raise its year-end target price for Ethereum from $4,000 to $7,500 on Wednesday, citing improved industry participation and an increase in Ethereum holdings in recent months. The new target price represents a nearly 60% premium over Ethereum's high of $4,700 reached on Wednesday, the highest in over three and a half years.

Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that the stablecoin industry is expected to grow approximately eightfold by the end of 2028, which will have a significant impact on the fees of the Ethereum network.