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By Will Canny, AI Boost|Edited by Stephen Alpher
Updated Aug 13, 2025, 12:49 p.m. Published Aug 13, 2025, 12:46 p.m.
- Standard Chartered’s Geoff Kendrick lifted his ether (ETH) target to $7,500 by end-2025 and $25,000 by 2028, citing stronger fundamentals.
- Ether treasury firms and spot ETFs have acquired 3.8% of supply since June, double bitcoin’s fastest institutional buying pace, the report noted.
- The bank said passage of the GENIUS Act could supercharge stablecoin adoption — over half of all stablecoins run on Ethereum.
Ether (ETH) has been on a big run of late, but it’s just getting started, according to Standard Chartered’s Geoff Kendrick.
Citing surging institutional demand, favorable regulation, and network upgrades, Kendrick lifted his year-end price target for ETH to $7,500 from $4,000 and his end-2028 target to $25,000 from $7,500. Up more than 50% over the past month, ether is currently trading hands just beneath its record high at $4,700.
STORY CONTINUES BELOW
Alongside, he expects continued outperformance over bitcoin
, forecasting the ETH/BTC ratio to rose to 0.05 from the current 0.039.
Ethertreasurycompanies and spot exchange-traded funds have purchased 3.8% of all ETH in circulation since early June, Kendrick said, adding that this was twice the fastest pace of comparable bitcoin buying.
The second-largest cryptocurrency has also received a regulatory boost from the passage of the U.S. GENIUS Act in July, which paves the way for mainstream stablecoin adoption. More than half of all stablecoins are issued on Ethereum, and these cryptocurrencies already account for 40% of blockchain fees, Kendrick noted.
Network growth is a tailwind. Ethereum developers aim to boost Layer 1 throughput by 10x, positioning the chain for higher-value transactions and expanding Layer 2 ecosystems, the report added.
Companies that are buying ether for their treasury strategy are a better buy for investors than ETH spot exchange-traded funds, the bank said in a report earlier this month.
Read more: Ethereum Treasury Stocks ‘Better Buy’ Than ETH ETFs, Standard Chartered Says
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Will Canny is an experienced market reporter with a demonstrated history of working in the financial services industry. He’s now covering the crypto beat as a finance reporter at CoinDesk. He owns more than $1,000 of SOL.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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