CDS Crypto News Analysts Think ETH Price Could Be $14K by 2025
Crypto News

Analysts Think ETH Price Could Be $14K by 2025

The ETH price is expected to hit $8,000 later this year.

163
Analysts Think ETH Price Could Be $14K by 2025

Crypto News – In addition to being enthusiastic about Bitcoin, the British multinational Standard Chartered‘s analysts predict that Ethereum will soar to new heights.

Analysts Think ETH Price Could Be $14K by 2025

According to a bank analysis released on Monday, the price of the ETH would reach $8,000 by year’s end and $14,000 by the time 2025 is over. Geoffrey Kendrick, the firm’s Head of Forex and Crypto Research, wrote in the note that this will happen if spot Ethereum ETFs are allowed.

To release Ethereum ETFs, several well-known fund managers have submitted documentation to the SEC. The bank anticipates that the ETFs will receive the SEC’s approval by the summer, according to Kendrick’s note.

Ethereum is currently between two important events that we see driving price upside. It has just had a structurally significant upgrade, and U.S. regulatory approval of ETH ETFs is expected in May.

Kendrick

Dencun Upgrade Positively Impacts ETH Price

Last week, an upgrade was made to the network powering the second-largest cryptocurrency. According to Kendrick, Ethereum’s latest Dencun upgrade may be the cause of the network’s sharp increase in value. The enhancement, according to developers, will drastically reduce transaction fees on the blockchain. Kendrick went on to say that Ethereum is now more competitive due to network upgrades and decreased costs.

Analysts Think ETH Price Could Be $14K by 2025
Written by
lectertodd

Lectertodd is 27 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Leave a comment

Leave a Reply

Related Articles

Ethereum White Paper Anniversary: From Concept to Global Smart Contract Platform

Ethereum White Paper Anniversary: From Concept to Global Smart Contract Platform

Bitcoin Liquidations Spike: Over $150M in Longs Wiped Out as Price Slides

Bitcoin Liquidations Spike: Over $150M in Longs Wiped Out as Price Slides

Memecoins Explained: The Intersection of Internet Culture and Crypto

Binance Research's report analyzes the rise of memecoins, highlighting their cultural impact,...

ETH Price Faces Challenges Amid ETF Outflows

Ethereum (ETH) struggles to maintain price above $2,500 amid ETF outflows and...