Raised Ethereum price target to $7,500 by the end of the year and $25,000 by the end of 2028: Standard Chartered | CoinDesk JAPAN

• Jeff Kendrick of Standard Chartered has raised the target price for Ethereum to $7,500 by the end of 2025 and to $25,000 by 2028, citing improvements in fundamentals.
• According to the report, Ethereum treasury firms and spot ETFs have acquired 3.8% of the supply since June, which is equivalent to twice the fastest purchasing pace of Bitcoin by institutional investors in the past.
• Standard Chartered points out that the establishment of the GENIUS Act could accelerate the adoption of stablecoins. More than half of stablecoins are operated on the Ethereum network.

Mr. Kendrick raised his year-end target price for Ethereum from $4,000 to $7,500 (about ¥1,090,000, based on an exchange rate of ¥145 to $1) and his target price for the end of 2028 from $7,500 to $25,000 (about ¥3,630,000), citing increased institutional investor demand, favorable regulations, and network upgrades. Ethereum, which has risen over 50% in the past month, is trading at $4,700, slightly below its all-time high at the time of writing this article.

Mr. Kendrick further predicts that Ethereum will continue to outperform Bitcoin (BTC), and he forecasts that the ETH/BTC ratio will rise from the current 0.039 to 0.05.

Treasury companies dealing with Ethereum and spot ETFs (exchange-traded funds) have purchased 3.8% of the total circulating Ethereum since early June, which is twice the fastest pace at which Bitcoin was purchased in a similar manner, Mr. Kendrick noted.

Ethereum is receiving regulatory support from the GENIUS Act, which was passed in the United States in July. This law paves the way for the mainstream adoption of stablecoins. More than half of all stablecoins are issued on the Ethereum network, and these cryptocurrencies already account for 40% of blockchain fees, as noted by Mr. Kendrick.

The growth of the network is a tailwind. Developers of the Ethereum network aim to improve layer 1 throughput by ten times, which the report indicates will make the Ethereum network more suitable for high-value transactions and expand the layer 2 ecosystem.

Standard Chartered stated in a report released earlier this month that companies purchasing Ethereum for treasury strategies are a more attractive investment for investors than Ethereum spot ETFs.

| Translation and Editing: Rina Hayashi |Image: Unsplash ｜Original text: Ether Price Target Lifted to $7.5K at Year-End and $25K in 2028 at Standard Chartered