Ethereum will hit $12,000 in 2026, $18,000 in 2027, and $25,000 in 2028–2029

ChatGPT said:

Standard Chartered has dramatically boosted its Ethereum outlook, now predicting the token could soar to $25,000 by 2028 — a stark reversal from just months ago, when the bank warned of a long-term decline in the world’s second-largest cryptocurrency.

The UK lender now projects Ethereum will hit $7,500 by the end of 2025, rise to $12,000 in 2026, climb further to $18,000 in 2027, and peak at $25,000 in both 2028 and 2029. That’s a huge upgrade from its earlier $4,000 price call for 2025.

“We raise our price forecasts, as the backdrop for ETH has improved dramatically in recent months,” wrote Geoff Kendrick, Standard Chartered’s Global Head of Digital Assets Research. He highlighted how institutional interest has surged, with Ethereum being accumulated nearly twice as quickly as Bitcoin during its hottest buying cycles.

Kendrick cited several tailwinds for the rally: treasury firms and Ethereum ETFs have scooped up 3.8% of circulating ETH since June; the US GENIUS Act has smoothed the way for stablecoin regulation; and upcoming Ethereum network upgrades promise to strengthen the ecosystem.

The bank described the GENIUS Act as a “pivotal change” that could unlock liquidity, supercharge decentralized finance, and stoke demand for ETH — especially given stablecoins, most of which are built on Ethereum, already account for 40% of blockchain transaction fees.

Ethereum is currently trading at $4,713.37, up 6% in a single day and 30% over the past week, edging close to its record high of $4,878 set in November 2021, according to CoinGecko data.