Standard Chartered has sharply increased its Ethereum price targets, citing a “dramatic” improvement in market conditions. Analysts now expect ETH to reach $7,500 by the end of 2025—up from $4,000—and $25,000 by 2028, driven by strong demand from corporate treasuries, spot ETFs, new U.S. stablecoin rules, and renewed technical momentum. Head of Digital Assets Research Geoffrey Kendrick says ETH is on track to surpass its $4,866 all-time high by Q3.

The bank estimates corporate treasury buyers and ETFs have snapped up about 3.8% of all ETH in circulation since June, with firms like Bitmine Immersion and SharpLink Gaming alone acquiring roughly 2.3 million ETH. Kendrick also expects stablecoin adoption, boosted by the GENIUS Act, to fuel network activity—especially as most U.S. dollar-pegged stablecoins run on Ethereum.

Technical upgrades and a push toward higher-value Layer 1 transactions, alongside booming DeFi usage, reinforce the long-term bullish case. Ethereum is already up 41% in 2025, outpacing Bitcoin’s 29% rise.