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Enjoy a cup of coffee as the prospect for Ethereum (ETH) receives a major upgrade from one of the world's top banks. The top digital asset strategist at Standard Chartered points out the powerful forces reshaping ETH's trajectory, from regulatory changes to unprecedented institutional demand, suggesting the network may be on the verge of a historic breakthrough.
Cryptocurrency News of the Day: Standard Chartered Predicts 60% Ethereum Price Increase by 2025
According to Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, Ethereum may be on track to reach an all-time high.
In an email shared with BeInCrypto, the Standard Chartered executive adjusted his price forecast in the context of increasing acceptance, a surge in treasury purchases, and a significant change in US law.
"Events are changing in a better direction for ETH," Kendrick said in the email.
He pointed out three main drivers behind his optimistic view, including ETH treasury purchases as highlighted in a recent publication by US Crypto News, and institutional interest in Ethereum ETFs.
In fact, the accumulation rate from institutions for Ethereum is unprecedented. Ethereum treasury companies and ETFs have purchased 3.8% of the total circulating ETH in just 2.5 months.
This is twice the speed of the fastest Bitcoin purchase from both ETFs and corporate treasuries.
"ETH treasury purchases + ETF purchases have accounted for 3.8% of total ETH since early June (double the fastest rate ever for BTC from these sources)," Kendrick explained.
This observation aligns with comments from Jamie Elkaleh, Marketing Director at Bitget Wallet, who told BeInCrypto that more companies are accepting Ethereum in their treasuries as a strategic financial tool providing profitability and fundamental utility.
"Their attractiveness is not just about value increase; by staking ETH, these companies earn passive income while strengthening Ethereum network security, positioning ETH as a 'digital oil' for the emerging DeFi infrastructure," Elkaleh said.
Moreover, Kendrick highlighted stablecoin acceptance, with enhanced regulatory clarity potentially increasing after the recent passage of the GENIUS Act.
He observed the stablecoin market transformation following the GENIUS Act. With most of these stablecoins running on Ethereum, ETH will capture value.
"Stablecoins account for 40% of current blockchain fees, and over 50% of stablecoins are on Ethereum. The GENIUS Act will also indirectly boost Ethereum's layer-1 activity as stablecoin liquidity increases, leading to more decentralized financial (DeFi) activities where ETH dominates," Kendrick explained.
As a result, Kendrick now predicts Ethereum will "very soon" establish a new high, reaching $7,500 by the end of 2025 and $25,000 by the end of 2028.
Geoff Kendrick Predicts Ethereum Will Capture Most Future Blockchain Value
The executive argues that Ethereum's position as the leading smart contract platform, combined with recent market and regulatory advantages, makes it the most likely blockchain to capture most of the value created in the future.
"The long-term potential of the Ethereum (ETH) network is clear, with blockchain technology expected to bring significant efficiency to industries from finance to consumer technology. The question is, which blockchain is most likely to capture most of that value? We increasingly see that Ethereum is the answer," he said.
Furthermore, Kendrick highlighted Ethereum's global nature, first-mover advantage in the smart contract space, and zero downtime record.
Beyond market activity, Kendrick emphasized strong institutional involvement behind Ethereum, citing the EF (Ethereum Foundation).
According to Kendrick, the network's plan to significantly increase throughput on Ethereum's Layer-1 (L1) blockchain will strengthen its competitive advantage.
If Kendrick's forecast becomes reality, Ethereum's next chapter could rewrite its price history, potentially solidifying its role as the backbone of the next blockchain-driven innovation wave.
Chart of the Day
Ethereum (ETH) Price Performance. Source: TradingViewThis chart suggests Ethereum should increase by about 60% in the remainder of the year to achieve Standard Chartered's $7,500 price target per ETH coin.
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