Standard Chartered: ETH Could Hit $14,000 if ETF Gets Approval

Customary Chartered has predicted that Ethereum (ETH) may attain $8,000 by the top of this 12 months and $14,000 by 2025.

“Ethereum is presently between two necessary occasions that we see driving value upside,” wrote Geoffrey Kendrick, head of foreign exchange and crypto analysis at Customary Chartered. “It has simply had a structurally vital improve, and U.S. regulatory approval of ETH ETFs is anticipated in Could.”

Kendrick additionally famous that the community’s latest Dencun improve might be one other issue driving up the worth of Ethereum. The improve is anticipated to make transaction charges on the blockchain less expensive. Customary Chartered’s prediction is according to different bullish forecasts for Ethereum. In January, JPMorgan predicted that ETH may attain $5,000 by the top of the 12 months.

A number of high-profile fund managers, together with BlackRock and Constancy, have filed with the Securities and Trade Fee (SEC) to launch Ethereum ETFs. Customary Chartered expects the SEC to approve the ETFs by the summer time.

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