Summary
Standard Chartered analysts are bullish on Ethereum, predicting it could reach $8,000 by the end of 2021 and $14,000 by 2025 if spot Ethereum ETFs are approved by the SEC. The recent network upgrade and lower transaction costs are seen as driving factors for Ethereum’s price increase. The bank also predicts Bitcoin could hit $150,000 per coin by the end of the year with the popularity of approved ETFs.
Key Points
1. Standard Chartered analysts are bullish on Ethereum, predicting a price of $8,000 by the end of 2021 and $14,000 by 2025.
2. Approval of spot Ethereum exchange-traded funds (ETFs) by the SEC could drive the price of Ethereum higher.
3. The recent network upgrade and lower transaction costs make Ethereum more competitive and could contribute to its rapid price increase.