Standard Chartered Supercharges Ethereum Price Targets — $7.5K This Year, $25K by 2028

Wall Street’s crypto desk just doubled down on Ethereum. Standard Chartered’s head digital assets analyst Geoff Kendrick has jacked up his ETH price targets to $7,500 by the end of 2025 (from $4,000) and a wild $25,000 by 2028 (from $7,500).

Why the moonshot? Three words: institutions, regulation, upgrades. Kendrick’s report reads like a love letter to Ethereum adoption metrics. Since June, ether treasury companies and spot ETFs have hoovered up 3.8% of the entire ETH supply. That’s double the fastest institutional buying rate ever recorded for Bitcoin. This is what happens when Wall Street finally gets a taste of staking yields, on-chain cash flows, and programmable money.

Kendrick even predicts ETH will keep outperforming BTC, with the ETH/BTC ratio climbing from 0.039 to 0.05. Translation: for every Bitcoin, expect ETH to buy you more Bitcoin than before — the ultimate crypto flex.

Ethereum is closing in on $5,000, source: Ethereum Liquid Index

Regulation Just Handed Ethereum a Gift

The passage of the U.S. GENIUS Act in July might be the most bullish legal move for Ethereum since the SEC finally learned what a blockchain is. The law greenlights mainstream stablecoin adoption — and over 50% of stablecoins run on Ethereum’s rails. Considering stablecoins already account for 40% of all blockchain transaction fees, this isn’t just tailwind — it’s a hurricane at Ethereum’s back.

If you think stablecoins are boring, remember: they’re basically the crypto equivalent of the dollar — and Ethereum just became the Federal Reserve’s unofficial plumbing.

The Tech Play: Scaling for Serious Money

Ethereum’s devs aren’t resting on Layer 1’s laurels. A 10x throughput boost is in the works, which means Ethereum could soon handle not just more transactions, but higher-value, institution-sized transactions without breaking a sweat. Layer 2 networks will be the spillover playground, and the more they grow, the more fees Ethereum skims off the top.

In a cheeky note earlier this month, Standard Chartered even hinted that companies directly buying ETH for their treasury — à la MicroStrategy’s Bitcoin play — might be the better investment bet than just buying a vanilla spot ETF. Think of it as “corporate diamond hands” vs. “ETF tourist money.”

The Take

Ethereum’s fundamentals are hitting an alignment you rarely see in crypto — the tech is scaling, the regulators are actually helping, and institutions are buying like it’s going out of stock. If Kendrick’s right, $7,500 ETH in four months and $25K ETH in three years could make today’s $4,700 price look like the clearance bin.

Of course, this is crypto. $25K ETH in 2028 could also be followed by $800 ETH in 2029. But right now, the momentum is undeniable — and Ethereum just got a green light from both Wall Street and Washington.

Finally, technical analyst Rekt Capital wrote on X that “Ethereum has reached its final major Weekly resistance before new All Time Highs. Ethereum will need to turn ~$4631 (black) into new support to confirm upside into Price Discovery. The last time ETH was at these highs, price upside wicked beyond black for 3 weeks before rejecting. Therefore the sooner ETH reclaims black, the better because in the event of a failed reclaim, price could reject into its Weekly CME Gap at $4k, with scope for wicking into ~$3.75k  If that rejection occurs, it would be a weaker one compared to 2021, with the downside being much shallower to evidence a weakening resistance. 

Which will it be – reclaim for new Ethereum All Time Highs soon or one last pullback before new ETH All Time Highs later? Source: X