In a current daring forecast, Standard Chartered mentioned that Ethereum worth is poised to hit $10,000 within the close to time period, sparking optimism amid the continuing rally. Besides, the report additionally notes that moreover ETH, Bitcoin can be gearing up for a robust run in direction of the north, probably reaching the temporary $200K mark. This forecast comes because the broader digital belongings area is witnessing a optimistic momentum with Donald Trump’s election win and the 25bps Fed charge minimize this week.
Standard Chartered Predicts Ethereum Price To Hit $10,000
According to a recent report, Standard Chartered predicts a 4X surge within the general crypto market cap by the US mid-term elections in late 2026. As the present market cap hovers close to the $2.5 trillion mark, the prediction, if comes true, signifies that it might probably hit $10 trillion by that point.
In addition, the main monetary agency reiterated its earlier goal for Ethereum at $10,000. The agency mentioned that the second-largest crypto by market cap might breach the extent as quickly as 2025 ends, bolstering market optimism amid an already robust rally.
Meanwhile, Standard Chartered Head of Research Geoffrey Kendrick cited a number of components for his bullish prediction just like the current Republican victory, anticipated clear regulatory path, and others. He mentioned that Donald Trump’s presidency is more likely to drive the adoption of crypto-friendly insurance policies, that might drive the adoption of digital belongings greater within the close to time period.
Besides, the agency additionally anticipates the US SEC will take a smooth stance in direction of the cryptocurrency market below the Republican administration. This additionally sparked discussions, as current stories point out that SEC Chair Gary Gensler may exit the workplace as quickly as this 12 months.
Notably, echoing the same sentiment, outstanding crypto market knowledgeable Ali Martinez mentioned that Ethereum hitting $3,000 is “just the beginning” of its bull run. Previously, he mentioned that ETH might mirror the same pattern as S&P 500, and will hit $10K within the coming days.
What’s Next For ETH and BTC?
The financial institution additionally reiterated its prediction that the Bitcoin worth would hit $200K on the identical time that the Ethereum worth would hit $10K. The report mentioned that Bitcoin and top altcoins like Solana, and ETH, amongst others, are poised to profit probably the most below the brand new administration.
Besides, Standard Chartered additionally considers the potential of the US implementing Bitcoin as a strategic reserve for the nation, which could assist the robust run for the crypto. However, it additionally famous the likelihood of such improvement is sort of low. But Donald Trump has beforehand mentioned that he would make BTC the strategic reserve for the US, whereas Senator Cynthia Lummis also assured the identical not too long ago.
Meanwhile, BTC price today was up 0.3% to $76,532, after touching a 24-hour excessive of $77,252.75. Besides, the robust influx into US Spot Bitcoin ETF displays the rising institutional assist in direction of the crypto.
Notably current report signifies that many fresh wallets have also started accumulating BTC because the crypto’s attraction retains hovering amongst merchants. Further boosting the sentiment, Ali Martinez highlighted that greater than 57,800 BTC has been amassed over the previous couple of days, valued at round $4.16 billion.
On the opposite hand, ETH worth rose 4% and crossed the $3,000 mark at the moment, with its buying and selling quantity at $32.76 billion. Additionally, Ether Futures Open Interest additionally noticed a surge of 4%, suggesting robust market confidence in direction of the main altcoin.
Amid this, US Spot Ethereum ETF also started witnessing robust demand once more, suggesting additional rally forward. Besides, a current Ethereum price analysis signifies that crypto is concentrating on the $4,000 mark subsequent, additional supporting its potential rally to $10K by subsequent 12 months.
Rupam Roy
Rupam is a seasoned skilled with three years of expertise within the monetary market, the place he has developed a status as a meticulous analysis analyst and insightful journalist. He thrives on exploring the dynamic nuances of the monetary panorama. Currently serving as a sub-editor at Coingape, Rupam’s experience extends past typical boundaries. His function includes breaking tales, analyzing AI-related developments, offering real-time updates on the crypto market, and presenting insightful financial information.
Rupam’s profession is characterised by a deep ardour for unraveling the complexities of finance and delivering impactful tales that resonate with a various viewers.
Disclaimer: The offered content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
