Standard Chartered sees Ethereum undervalued and keeps a $7,500 year-end Ethereum forecast, citing rising stablecoin activity and increased treasury holdings that could lift network fees and long-term demand, while raising a 2028 target to $25,000 based on adoption and scaling progress.
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Standard Chartered maintains a $7,500 year-end ETH price target.
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Stablecoin issuance may grow nearly eightfold by 2028, boosting Ethereum fee revenue.
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Bank projects treasury holdings could reach 10% of circulating ether, supporting a $25,000 2028 forecast.
Ethereum forecast: Standard Chartered keeps $7,500 year-end target; learn why stablecoin expansion and treasury demand could push ETH higher. Read the analysis.
Standard Chartered’s Geoff Kendrick calls Ethereum and ETH treasury firms “cheap,” keeping a $7,500 target as adoption and stablecoin growth expand.
- Geoff Kendrick described Ethereum and treasury holdings as “cheap” at current levels, while Standard Chartered reaffirmed its $7,500 year-end price target.
- Kendrick projected that stablecoin growth could rise eightfold by 2028, strengthening Ethereum’s fee revenues as stablecoins largely transact on its blockchain.
- Standard Chartered expects treasury companies may raise their Ethereum holdings to 10% of supply, supporting its 2028 long-term price forecast of $25,000.
Summary: Standard Chartered’s Geoff Kendrick described Ethereum and treasury companies holding ETH as “cheap” at current levels, while maintaining the bank’s raised year-end price target of $7,500. The projection reflects the bank’s confidence in Ethereum’s adoption and expanding use cases.
What is Standard Chartered’s Ethereum forecast for 2024 and 2028?
Standard Chartered’s Ethereum forecast sets a $7,500 year-end 2024 target and raises the 2028 target to $25,000. The bank cites accelerating stablecoin activity, rising fee revenues, and potential increases in treasury holdings as the primary drivers behind these estimates.
How did the bank justify calling Ethereum “cheap” now?
Geoff Kendrick, head of digital assets research at Standard Chartered, argued that recent price weakness creates a “great entry point.” He compared current levels to the bank’s previous targets and highlighted adoption signals — including regulatory clarity from new stablecoin frameworks — as reasons to view ETH as undervalued.
How could stablecoin growth affect Ethereum fees and demand?
Kendrick projects stablecoin market growth near eightfold by end-2028. Since many stablecoins are issued and transacted on Ethereum, increased stablecoin volume would raise transaction counts and fee revenue, strengthening demand for ETH to pay gas fees.
What role might treasury companies play in long-term ETH demand?
Standard Chartered expects corporate and treasury entities to expand ETH holdings, potentially reaching about 10% of circulating ether. Higher institutional allocations would add persistent buy-side pressure, supporting the bank’s long-term valuation scenario.
Why does scaling and Layer 1 capacity matter for the forecast?
Ethereum’s ability to process high-value transactions on-chain is central to fee expansion. Kendrick noted that improvements in Layer 1 capacity and scaling (including Layer 2 adoption) would facilitate larger transaction volumes and lower congestion, making the network more attractive for payments and stablecoin settlement.
Price projection comparison
| Horizon | Standard Chartered Target | Key Drivers |
|---|---|---|
| Year-end 2024 | $7,500 | Stablecoin regulation, short-term adoption, fee uplift |
| 2028 | $25,000 | Stablecoin expansion, treasury demand, scaling progress |
Frequently Asked Questions
How reliable is Standard Chartered’s Ethereum forecast?
Bank forecasts reflect institutional research and scenario analysis but are not guarantees. Standard Chartered’s view is grounded in observed stablecoin trends, treasury behavior, and network metrics; readers should weigh these factors alongside market risk and liquidity conditions.
Will stablecoin growth alone push ETH to $25,000 by 2028?
Stablecoin growth is a major driver but not the sole factor. The $25,000 projection combines expanded stablecoin use, greater treasury holdings, and meaningful scaling that increases fee capture on Ethereum.
Where did the bank’s data and expert quotes come from?
Quotes and projections are attributable to Geoff Kendrick, head of digital assets research at Standard Chartered, and the bank’s published research notes. References are described as plain text sources in this report for transparency.
How to evaluate Ethereum investment based on this forecast
- Review the bank’s assumptions: check stablecoin issuance trends and treasury accumulation signals.
- Monitor network metrics: on-chain fees, active addresses, and Layer 2 transaction volumes.
- Assess risk: consider liquidity, regulatory developments, and macroeconomic factors before allocating capital.
Key Takeaways
- Valuation view: Standard Chartered labels Ethereum “cheap” and holds a $7,500 year-end target.
- Demand drivers: Stablecoin expansion and potential treasury accumulation are cited as primary upside catalysts.
- Investor action: Monitor stablecoin issuance and network activity; treat bank targets as scenario-based guidance, not guarantees.
Conclusion
This analysis summarizes Standard Chartered’s updated Ethereum forecast and the bank’s rationale: rising stablecoin activity, increased treasury holdings, and scaling improvements. COINOTAG publishes this report to inform readers; monitor on-chain metrics and policy developments to validate the thesis and adjust positions accordingly.
