Ether (ETH) has been experiencing significant momentum recently, with Standard Chartered’s analyst Geoff Kendrick expressing optimism. Citing increased institutional demand, supportive regulations, and planned network improvements, Kendrick has adjusted his year-end price target for ETH to $7,500, up from $4,000, while his price forecast for 2028 increased to $25,000 from an initial $7,500. Currently, ether is trading close to its all-time high at approximately $4,700, having increased over 50% in the past month.
Key Points:
- Kendrick raised Standard Chartered’s ether target to $7,500 by the end of 2025 and to $25,000 by 2028, attributed to stronger fundamentals.
- Ether treasury companies and spot exchange-traded funds have bought 3.8% of the supply since June, which is double the buying pace seen with bitcoin.
- The passing of the U.S. GENIUS Act is expected to accelerate stablecoin adoption, as more than half of stablecoins operate on the Ethereum platform, contributing significantly to blockchain transaction fees.
Alongside this, Kendrick anticipates that ether will outperform bitcoin, predicting an increase in the ETH/BTC ratio from 0.039 to 0.05.
The regulatory environment surrounding ether has also improved thanks to new legislation, paving the way for more widespread stablecoin usage, reinforcing Ethereum’s position in the cryptocurrency market.
