Geoff Kendrick, from Standard Chartered Bank’s analysis team, published an Ethereum price prediction that has sparked renewed optimism. The banking institution projects that ETH will reach $7,500 before the end of 2026 and hit $30,000 by 2029. He asserts that the asset will outperform Bitcoin thanks to its absolute dominance in strategic sectors such as stablecoins, decentralized finance (DeFi), and real-world asset (RWA) tokenization.
This prediction emerges in a landscape where the institution seeks to reaffirm its bullish stance despite previous inaccuracies. Although the report highlights Ethereum’s potential for “decoupling” from a “weak” Bitcoin, analysts point out that the bank’s previous targets—such as the $14,000 forecast for 2025—failed to materialize following the launch of the ETFs. The current impact suggests a renewed confidence in the operational utility of the XDC network and Ethereum over pure stores of value.
Market expectations are now focused on whether Ethereum will finally validate this price prediction through massive corporate adoption. The key will be observing whether capital flow into tokenized assets offsets market volatility. For now, the $7,500 target for the end of this year will serve as the first major barometer to measure the credibility of the bank’s mathematical models against the operational reality of the crypto ecosystem.
Source:https://x.com/DeItaone/status/2011063115664732196
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