Bank analysts predict how much Ethereum will cost in 2025
Standard Chartered Bank employees have made a new forecast for the Ethereum rate by the end of 2025.
In March, the company’s analysts lowered the bar from $10,000 to $4,000, which the price of ETH could reach this year. The experts explained this by a «structural decline» in the cryptocurrency ecosystem, as a result of which эфириум has lost ground against Bitcoin. However, ETH’s recent gains have forced experts to change their minds again.
We now believe that ETH will rise to $7,500 by the end of 2025 and will rise to $25,000 by the end of 2028, said Jeffrey Kendrick, head of digital assets at Standard Chartered.
As a result of the fifth wave of the bullish trend that emerged in early August, the price of Ethereum increased by 43% and reached its highest since December 14 at $2021 on August 4,806, and then corrected to $4,733. Accordingly, if Kendrick’s prediction comes true, the digital asset will rise in price by 58% from its current value.
The hypothesis of Ethereum rising to $7,500 this year goes against the Elliott wave theory, which states that the fifth wave cannot be stronger than the third. ETH rose by 86% in the third wave, so its rate should not exceed $6,240. Accordingly, if you believe the wave theory, the forecast of Standard Chartered analysts will not come true.
Waves on the Ethereum exchange rate chart
