Sunday, June 29, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Standard Chartered Says Ethereum Price Can Reach $35,000, Here’s When

October 15, 2023
in Ethereum
Reading Time: 2 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on TwitterShare on E Mail


Ethereum has struggled alongside Bitcoin by way of the present bear market local weather however this has not stopped bullish predictions for the digital asset. The newest bullish prediction comes from British multinational financial institution Commonplace Chartered which believes that the Ethereum worth may climb increased than  $8,000.

Elements That May Set off The Rise

Geoff Kendrick, Head of Digital Belongings Analysis at Commonplace Chartered Financial institution has revealed his forecast for the Ethereum worth in a analysis notice. In line with the researcher, he sees huge issues in the way forward for the digital asset which may climb increased than $8,000 within the coming years.

Speaking in regards to the asset’s valuation, Kendrick factors towards the various use instances for Ethereum which have emerged over time but in addition sees extra use instances rising as time goes on. A type of is the much-coveted gaming and asset tokenization sector.

Additionally, the Commonplace Chartered researcher mentioned that they count on that Ethereum will see extra development than the pioneer cryptocurrency, Bitcoin. Whereas he expects Bitcoin to rise 3.5x, they consider Ethereum will rise 5 from present ranges.

“We expect the trail increased for ETH costs could take longer than for BTC, however we see ETH finally reaching the next worth a number of than BTC relative to present ranges (5.0x versus 3.5x),” the researcher mentioned.

He additionally believes that Ethereum would go on to additional register its dominance within the area, particularly with the Layer 2 blockchains resembling Arbitrum which have popped as much as improve the community. This, he believes, would result in a rise within the Ethereum profit-earnings ratio (P/E ratio).

ETH worth succumbs to bear stress | Supply: ETHUSD on Tradingview.com

Ethereum May Climb Above $8,000

When it comes to precise greenback values, $8,000 just isn’t the one determine that the researcher dropped for the Ethereum worth. The expectations for the digital asset exceed this four-digit determine proper into the five-digit territory as Kendrick believes ETH may rise to anyplace between $26,000 and $35,000.

As for when this may occur, the researcher appears to be focusing on the following bull market as he expects the elements that can drive this worth development to occur between 2025-2026. “We see the $8,000 degree as a stepping stone to our long-term ‘structural’ valuation estimate of $26,000-$35,000,” he mentioned within the notice. Then past this, the researcher expects the worth to proceed to rise.

This isn’t the primary time that Kendrick has launched a bullish prediction for cryptocurrencies. He beforehand mentioned he expects the worth of Bitcoin to succeed in $120,000 and the whole crypto market to rise as properly. Nevertheless, it appears the researcher is rather more bullish on ETH.

Not everybody has offered bullish forecasts for ETH although. One crypto analyst really believes that the digital asset is ready for extra decline. Within the analyst, FieryTrading means that Ethereum’s worth may fall as little as $900.



Source link

Tags: CharteredEthereumHeresPriceReachStandard
Previous Post

Onchain Game Engines 🕹 – by William M. Peaster

Next Post

Highest Selling Crypto Art to Date

Related Posts

Pepe meme creator’s NFT projects hit for $1 million as contract hijackers drain collections
Ethereum

Pepe meme creator’s NFT projects hit for $1 million as contract hijackers drain collections

June 28, 2025
Former Tether, Hut 8, Blackstone execs to launch $1B crypto treasury firm
Ethereum

Former Tether, Hut 8, Blackstone execs to launch $1B crypto treasury firm

June 27, 2025
Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base
Ethereum

Coinbase launches Cardano and Litecoin wrapped tokens cbADA, cbLTC on Base

June 25, 2025
Ethereum Builds Critical Pattern On Daily Chart, Volatility Ahead
Ethereum

Ethereum Builds Critical Pattern On Daily Chart, Volatility Ahead

June 26, 2025
Ethereum Price Crash Driven By Whales? Large Transaction Volumes Rise 55%
Ethereum

Ethereum Price Crash Driven By Whales? Large Transaction Volumes Rise 55%

June 27, 2025
Ethereum developers issue proposal to halve block slot time to boost transaction speed
Ethereum

Ethereum developers issue proposal to halve block slot time to boost transaction speed

June 24, 2025
Next Post
Highest Selling Crypto Art to Date

Highest Selling Crypto Art to Date

Polkadot Reportedly Lays Off 300 Employees: What’s The Way Forward?

Polkadot Reportedly Lays Off 300 Employees: What's The Way Forward?

Bitcoin Price Holds Ground But Upsides Turned Attractive To Bears

Bitcoin Price Holds Ground But Upsides Turned Attractive To Bears

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In