Standard Chartered’s Geoff Kendrick has raised his year-end Ether target to $7,500 from $4,000, projecting $25,000 by 2028. He attributes the bullish outlook to rising institutional demand, favorable regulation, and significant network upgrades. Ether has rallied over 50% in the past month and trades near its record high of $4,700.
Kendrick expects Ethereum to outperform Bitcoin, forecasting the ETH/BTC ratio will climb from 0.039 to 0.05. Since June, Ether treasury companies and spot ETFs have bought 3.8% of circulating supply—twice Bitcoin’s acquisition pace.
The U.S. GENIUS Act’s passage in July paves the way for broader stablecoin use, with Ethereum hosting over half of all stablecoins, accounting for 40% of blockchain fees.
Network plans to increase Layer 1 throughput by 10x will support higher-value transactions and expand Layer 2 ecosystems. Kendrick advises that companies holding Ether in treasury strategies may offer better investment opportunities than ETH ETFs.
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