Standard Chartered Predicts Ethereum Reaching $14,000 in 2025, in Line with Bitcoin's Rise

Bittime - Ethereum ( ETH ) fans prepare to cheer! Analysts from the well-known financial institution Standard Chartered predict that the price of Ethereum will skyrocket to $14,000 in 2025 . This fantastic increase is believed to occur in line with the surge in Bitcoin prices which is predicted to experience a boom.

This prediction is certainly good news for investors who are looking at Ethereum's potential. If realized, this price will record a significant increase compared to the current Ethereum price (as of March 19 2024) which is around $3,500.

Factors Driving Ethereum's Rise

Standard Chartered has not detailed the factors that will drive Ethereum's price to as high as $14,000. However, some factors that may contribute include:

• Increased Ethereum Adoption: The increasingly widespread use of Ethereum for various DeFi (Decentralized Finance) applications and smart contracts may increase demand for ETH tokens.
• The Merge: If the process of upgrading the Ethereum network to Proof-of-Stake ( PoS ) known as "The Merge" goes smoothly, this could increase the efficiency and scalability of the network, thus having a positive impact on the price of ETH.
• Overall Market Sentiment: The increase in Bitcoin prices predicted by Standard Chartered will likely contribute to an increase in the prices of Ethereum and other crypto assets.

Check Today's Crypto Market:

ETH Price Today

Source: Bittime 

Based on the Bittime market on March 19 2024, the price of Bitcoin ETH/IDR has reached IDR 53,730,438 per coin, down 5.33% in 24 hours.

Also Read How to Buy Crypto:

Does This Prediction Signal a Bright Future For Ethereum?

It is important to note that predictions from financial analysts, including those from Standard Chartered, are not absolute guarantees. Prices of crypto assets such as Ethereum fluctuate and are influenced by various complex factors. Always do research and fundamental analysis before making an investment decision.

Although Standard Chartered's predictions are optimistic, Ethereum's future does look promising. With various technological developments and increasing adoption, Ethereum has the potential to become an increasingly relevant and popular platform in the future.

Check Crypto Prices Today:

How to Buy Ethereum (ETH) on Bittime

You can buy and sell  Ethereum (ETH)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Ethereum (ETH)  is available on Bittime with the market pair  ETH/IDR .  To be able to buy  ETH/IDR  at  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on  Bittime  is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Ethereum (ETH) on Bittime. 

Monitor price chart movements   for Ethereum (ETH) ,  Bitcoin (BTC) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

VanEck: ETF Pioneer & Its Work for Bitcoin ETFs

Why Do Holders Often Win in Bull Markets? This is the Reason!

Risk Averse Ethereum Implementation Strategy for Playing Merge

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.