The 13-F forms submitted to the SEC show that an increasing number of companies are venturing into cryptocurrencies, with Ethereum
$4,691 standing out as a particularly favorable investment. Over the past two days, Ethereum ETFs have witnessed net inflows exceeding $1.5 billion. Additionally, numerous companies are taking steps to acquire billions of dollars worth of Ethereum. Standard Chartered has revealed its price target for Ethereum by the year 2028. But what makes them so optimistic about Ethereum’s potential?
Ethereum 2028 Price Target
Experts have projected Ethereum’s price to reach $25,000 by 2028, driven by institutional purchases and the growth of stablecoins. Following a structural decline forecast in March, Standard Chartered has rapidly altered its stance. The British banking giant now considers $7,500 a reasonable target by the end of this year.
2026 target: $12,000
2027 target: $18,000
2028 and 2029 target: $25,000
While the targets are ambitious, it’s crucial to note that the bank has significantly revised its previous target for this year from $4,000 upward. Ethereum is currently trading just $200 below its all-time high of over $4,660.
Geoff Kendrick, Head of Global Research at the bank, commented,
“We are raising our price forecasts due to Ethereum’s significantly improved performance in recent months.”
Ethereum Treasury Companies
A pivotal factor in the upward revision of forecasts is the aggressive accumulation behavior of Ethereum treasury companies. Since June, these companies have purchased 3.8% of all circulating Ethereum and are poised to acquire tens of billions more.
The total reserves acquired since June and those targeted for short-term acquisition are expected to surpass $70 billion, an astounding feat within mere months.
The introduction of the stablecoin platform GENIUS marked a significant milestone. Nearly all major stablecoins operate on the Ethereum network, contributing to 40% of the network’s revenue. As the U.S. supports stablecoins and major banks enter the market, the growing stablecoin market, already exceeding $270 billion, will significantly benefit Ethereum’s price.
