Standard Chartered Bank increased its year-end Ethereum target to $7,500, reflecting stronger industry participation and a surge in ETH price following the Genius Act, amid bullish market sentiment.
On August 13, Standard Chartered Bank raised its Ethereum year-end target from $4,000 to $7,500, a nearly 60% increase over a recent 3.5-year high of $4,700. This adjustment follows a surge of over 50% in Ethereum's price after the Genius Act, and digital asset research chief Geoff Kendrick also predicted the stablecoin market could grow eightfold by 2028, potentially boosting Ethereum network fees.