Standard Chartered has significantly increased its Ethereum price forecast, projecting $7,500 by 2025, $12,000 in 2026, $18,000 in 2027, and an ambitious $25,000 for 2028 and 2029. The bank attributes this revised outlook to substantial institutional buying and legislative changes that could enhance stablecoin liquidity. The current Ethereum price is around $4,684, close to its all-time high. Analysts note a surge in buying pressure, primarily from treasury companies acquiring a notable percentage of circulating ETH. Furthermore, the report highlights that the market is experiencing a bullish trend, fueled by positive sentiment which could lead to ETH surpassing its previous highs soon. Despite previous setbacks in forecasts, the bank believes this growth trajectory is supported by an evolving market landscape.

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