Standard Chartered Bank Lowers Mid-Term Ethereum Outlook: Forecasts $7,500 Price by End of 2026

Odaily News Standard Chartered Bank has lowered its mid-term price expectations for Ethereum, revising its end-2026 price forecast from $12,000 to $7,500, while also adjusting its end-2028 price forecast from $25,000 to $22,000. Geoffrey Kendrick, the bank's Global Head of Digital Assets Research, stated that Bitcoin's weaker-than-expected performance, given its continued dominance in the space, has dimmed the outlook for all digital assets against the US dollar. The bank still expects Ethereum to surpass $40,000 by 2030, raising its long-term target from the previous $30,000. (Cointelegraph)