Standard Chartered: Ethereum Outlook Improves, Performance Expected to Outpace Bitcoin

Odaily Standard Chartered Bank stated that Ethereum's outlook has improved, and its performance is expected to surpass Bitcoin. Although Bitcoin's weak performance has dragged down the entire cryptocurrency market, growing institutional demand for Ethereum, along with its dominant position in stablecoins, real-world assets, and decentralized finance (DeFi), supports a more robust outlook for Ethereum. Improvements in network throughput and potential clarity in U.S. regulatory policies could further drive Ethereum's price higher. Standard Chartered previously predicted that Ethereum's price would reach $7,500 this year and $30,000 by 2029.