Ethereum crosses $4,700 as it continues to head toward a new all-time high
Standard Chartered raised its price target and now expects ethereum to reach $7,500 by the end of 2025.
Ethereum crossed the $4,700 mark this morning, a price level it hasn’t seen since November 2021, the same month it hit its all-time high.
Ethereum has had wind in its sails for a few weeks, and as Geoff Kendrick, global head of digital assets research at Standard Chartered Bank, put it: “ETH gets its mojo back.”
Kendrick observed a few factors driving ethereum’s momentum, including that “ETH treasury companies and ETFs have bought 3.8% of all ETH since the start of June.”
In addition, the GENIUS Act, signed into law on July 18, “is unleashing stablecoins; more than 50% of all stablecoins are on Ethereum.”
Standard Chartered raised its price target and now expects ETH to reach $7,500 by the end of 2025 and $25,000 by the end of 2028.
