Standard Chartered Issues Ethereum Price Forecast for Year-End
The main drivers of Ethereum’s price growth, according to the bank’s analysts, are increased demand from large funds and crypto-accumulating companies, as well as the U.S. stablecoin legislation known as the GENIUS Act.
Since the start of summer, spot ETH ETFs and companies holding Ethereum have acquired nearly 3.8% of the coin’s total supply. Of that amount, 2.3 million ETH (1.9% of the total issuance) came from large companies, with the rest supplied by exchange-traded funds.
According to British experts, the Ethereum network will be used by developers more frequently, with continued growth in activity from projects within the Ethereum Foundation and Layer 2 networks such as Base and Arbitrum. This lays the groundwork not only for short-term growth but also for the long-term strengthening of Ethereum’s position as a leading asset in the decentralized finance (DeFi) market.
Standard Chartered maintained its Bitcoin price forecast at $200,000 by the end of the year and $500,000 by 2028 or 2029, citing reduced Bitcoin volatility as one of the reasons.
Earlier, Michaël van de Poppe, founder of financial firm MN Consultancy, stated that Ethereum had broken through a key resistance level, which could drive major altcoins’ prices up by 200–500% over the next three months.
See also: "Solana Network Overtakes Ethereum in Weekly Fee Revenue for the First Time"
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