StanChart predicts this will be the year of Ethereum

Standard Chartered has predicted that this will be the year of Ethereum (ETH), The Block reported. The bank stated that it expects ETH to post significant gains against BTC, citing Ethereum's dominant position in stablecoins, real-world asset (RWA) tokenization, and DeFi, as well as its notable growth in network throughput. StanChart's price target for ETH this year is $7,500, with a positive long-term outlook of $30,000 by 2029 and $40,000 by 2030.