Source: cryptoslate

Translation: Blockchain Knight

Standard Chartered Bank has raised its year-end target price for Ethereum from $4,000 to $7,500, citing improvements in the industry environment and new demand from corporate treasuries. According to Reuters, the bank also increased its 2028 forecast from $7,500 to $25,000. On Wednesday, Ethereum was trading at approximately $4,679, a level last seen in November 2021.

This adjustment is in stark contrast to the situation in March when Standard Chartered lowered its 2025 forecast from $10,000 to $4,000. At that time, the bank attributed the downgrade to structural resistance, including the diversion of revenues to Layer 2 networks like Coinbase's Base (which is estimated to potentially reduce Ethereum's market cap by about $50 billion), as well as a slowdown in on-chain economic activity.

Recent developments seem to have changed this assessment. Since June, corporate treasuries have accumulated a significant supply of Ethereum, and Standard Chartered expects this proportion could eventually reach 10%. The bank noted that the rise of Ethereum treasury companies and increased industry participation are catalysts for the target price increase. This trend is similar to the early adoption pattern of Bitcoin, where corporate balance sheet allocations influenced market perception and liquidity.

The current price environment reflects a resurgence of momentum for Ethereum after being below previous historical highs for an extended period. As it returns to late 2021 levels, widespread institutional activity in staking, DeFi participation, and infrastructure development may enhance demand stability.

Although Standard Chartered's adjusted targets are forward-looking and influenced by market volatility, the market narrative it outlines suggests that long-term holders and treasury managers may play a more central role in price support.

Ethereum's market position is still shaped by its dual role: as a settlement layer and as the foundation of the Layer 2 ecosystem. Concerns about the loss of fees due to scaling solutions have not dissipated, but the bank's latest forecast implies that new sources of demand may offset some of the pressure.

Corporate holdings may lock in a larger proportion of supply, intertwining with staking yields and the appeal of Ethereum as an income-generating asset, adding a dimension to investment logic beyond speculative trading.

The latest adjustment in Standard Chartered's forecast captures the evolving interaction between Ethereum's technological landscape and its macro adoption trends. Based on assumptions of continued corporate participation and ecosystem activity, the target for 2025 has been raised from $4,000 to $7,500, and from $7,500 to $25,000 for 2028, placing Ethereum in a higher valuation range.

Whether these trends can be sustained will depend on regulatory clarity, competitive pressure from other smart contract platforms, Ethereum's development roadmap, and future protocol upgrades. For now, the bank's forecast reflects a regained confidence in the medium to long-term trajectory of the asset.

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