Standard Chartered Raises Its BTC and ETH Forecasts, Bitcoin Can Reach $250K in 2025
Looking ahead to 2025, Standard Chartered predicted that the ETH-BTC price ratio will return to levels seen in 2021-2022, potentially reaching 7%.
Ethereum price demonstrated a huge growth within the past months, gaining interest of the world’s largest financial and technology companies.
Looking ahead to 2025, Standard Chartered predicted that the ETH-BTC price ratio will return to levels seen in 2021-2022, potentially reaching 7%.
A closer examination of past instances reveals a pattern: whenever FTX and Alameda Research executed similar large-volume transfers of Ether tokens, Ethereum price experienced a notable correction.
The large ETH withdrawal by validators has raised security concerns for Ethereum. With fewer coins staked, the network is more vulnerable to attacks.
The anticipation surrounding the Dencun upgrade has undoubtedly contributed to the recent bullish sentiment in the Ethereum market.
As the bitcoin price teases a move above $60,000, investors epculate new all-time highs before halving. Ethereum joins the party ahead of the Dencun upgrade in March.
An analyst from Grayscale argued that the crypto market is anticipating Ethereum’s transaction throughput and cost reduction through the Dencun upgrade more, making it more competitive with other layer-1 blockchains.
The anticipation of a potential Ethereum ETF approval in the US has been a major catalyst behind the recent bullish sentiment surrounding ETH.
After launching on the Goerli and Sepolia testnets, the Ethereum Dencun upgrade is now live on Holesky in anticipation of a mainnent launch.
According to Standard Chartered, an ETH ETF approval will come from the SEC in May, and could possibly pump ETH price to $4,000.
The recent gains of Ether mean that its price is now up 15% in one month compared to SOL’s 82%.