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Ethereum (ETH) has broken its long silence and launched a massive rally. While Bitcoin has been running from record to record in the current bull cycle, Ethereum has been lagging behind BTC with its weak performance.
However, ETH put an end to this and experienced a huge jump, getting very close to its 2021 ATH.
At this point, while Ethereum is expected to surpass its November 2021 ATH in the short term, Standard Chartered has revised its Ethereum price forecast.
According to a post by Walter Bloomberg, Standard Chartered has raised its 2025 Ethereum price forecast to $7,500, versus its previous $4,000 estimate.
The bank also raised its 2028 year-end ETH price forecast from $7,500 to $25,000, representing a 3.33-fold increase.
The bank’s revision to the ETH price is based on Ethereum’s growing institutional interest and its potential for growth in treasury holdings.
*This is not investment advice.
