Standard Chartered Bank has raised its year-end price forecast for Ethereum to $7,500.

Standard Chartered Bank raised its year-end target price for Ethereum from $4000 to $7500 on Wednesday, citing increased industry participation in recent months and the rise of Ethereum treasury companies. The brokerage also raised its year-end Ethereum price forecast for 2028 from $7500 to $25000. The latest trading price for the world's second largest cryptocurrency is $4679.47, the last time this level was seen was in November 2021.