Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Standard Chartered Has A $35,000 Target For Ethereum, Here's Why

Standard Chartered Has A $35,000 Target For Ethereum, Here's Why

Institutional investors have begun to play with the idea of Ethereum surging due to its financial market growth. Analysts at Standard Chartered see Ethereum’s growth overtaking Bitcoin's, predicting a future value of $35,000 for ETH.

While the Bitcoin or Ethereum debate rages on between early investors and maxis, London-based bank Standard Chartered has taken a bullish stand on Ethereum. ETH now has more attention, thanks to the London fork, a recent innovation on the blockchain. The network records that up to date, almost 263,000 tokens burned with 7,500,000 locked in ETH 2.0 deposit contracts. Some analysts now predict a huge surprise in the future.

The bank, in a recent research note, said Ethereum could outperform Bitcoin over the next few years, even stating it ‘structurally’ values the world’s second-largest cryptocurrency by market cap at over $35,000.

British banking giant sees Ethereum as a financial market filled with different services for users. The Network is a platform for lending, interest-earning on investments, and others. Furthermore, the report explained the possibility of Ethereum matching up to Bitcoin’s market cap through such utility.

The report stated:

“Structurally, we value Ethereum at USD 26,000-35,000…We see the Ethereum-Bitcoin cross doubling to 0.161, a level at which ETH’s market cap would catch up to BTC’s.

Akin to being a currency like Bitcoin, it (Ethereum) is more akin to a financial market in which non-linear financial transactions such as lending, insurance, and exchanges can operate.”

The multinational financial service firm explains that the target represents a 1000% increase from the present price levels. It envisages that Ethereum will gather a market cap of about $4 trillion with ETH at $35,000. However, this will depend on the impact of deflation of its EIP-1559 update.

Ethereum to decline before climbing to higher levels

Despite of its great potentials, Ethereum doesn’t seem to have a bullish appearance on a short-term basis.

From the Tom DeMark (TD) Sequential indicator, Ethereum’s daily chart highlights a sell signal. The bearish formation was built as a green nine candlestick. When a pointer of 1 to 4 daily candlesticks correction that precedes the uptrend resumptions.

Validation through a daily close below the $3,800 benchmark level, ETH is likely to swing towards the 61.8% or 50% Fibonacci retracement level. Such important demand barriers levels at $3,350 and $3,050, respectively.

Read the full article at Fintechs.fi

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
×