Main Points :
- Ethereum’s price has surged to around $4,600, nearing its November 2021 all-time high (~$4,867), driven primarily by institutional demand and ETF inflows.
- Over the past month, Ethereum has gained over 50%, far outpacing Bitcoin—supported by strong net outflows from exchanges (–40,000 ETH/day), indicating accumulating long‑term holders.
- Spot ETH ETFs have seen continuous weekly inflows since mid‑May, amassing over $8 billion, reaching a total AUM of approximately $27.6 billion.
- Standard Chartered has sharply revised its year‑end 2025 target for ETH upward from $4,000 to $7,500, and raised its 2028 forecast to $25,000, citing stablecoin regulation (e.g., the GENIUS Act), staking demand, and corporate treasury adoption.
- Macro tailwinds—such as regulatory clarity, on‑chain improvements, and potential U.S. rate cuts—further reinforce Ethereum’s bullish case.
Sub-Headline: A Swift Rise Toward Record Territory
Ethereum’s market price has recently climbed into the $4,600s (roughly ¥700,000), a level not seen since its previous all‑time high of $4,867 in November 2021, marking the steepest rally in nearly four years. Over the last week, ETH has jumped around 14%, and over the month it posted gains exceeding 41%—significantly outperforming Bitcoin and the broader crypto market.
The strength has been underpinned by robust institutional demand. On‑chain analytics show that over the past month, exchange net outflows averaged 40,000 ETH per day (measured via the 30‑day simple moving average), signaling accumulation by long‑term holders and reduced sell pressure.
Sub-Headline: Spot ETH ETFs Fueling Inflows and Momentum
Spot ETFs for ETH have become a major driver. According to SoSoValue, spot ETH ETFs have experienced continuous capital inflow every week since mid‑May, totaling over $8 billion in three months and bringing total ETF assets under management to about $27.6 billion.
This persistent demand through ETFs reflects growing institutional engagement and helps explain ETH’s rapid price appreciation, as investors seek regulated vehicles to gain exposure without directly managing wallets.
Sub-Headline: Standard Chartered Ushers in a Bullish Price Outlook
Global bank Standard Chartered, led by analyst Geoff Kendrick, has dramatically revised its ETH forecasts. The revised year‑end 2025 target is now $7,500, up from $4,000—a nearly 60% increase.
Kendrick attributes this to increased industry involvement, thriving stablecoin activity post‑GENIUS Act, enhanced staking utility, and corporate treasury interest. The GENIUS Act, passed recently in the U.S., clarifies stablecoin regulation, potentially benefitting Ethereum, which underpins over half of stablecoin issuance.
Over the longer term, Standard Chartered now forecasts ETH could reach $25,000 by end‑2028, up from previous $7,500. It projects staking firms and corporate treasuries may hold as much as 10% of all ETH in circulation.
Additional projections include ETH‑BTC ratio rising to 0.05 by 2025, and price targets of $12,000 by late 2026 and $18,000 in 2027, leading up to the $25,000 mark by 2028–29.
Sub-Headline: Regulatory Clarity and Upgrades Powering the On-Chain Engine
Ethereum’s rally is further supported by several favorable developments:
- The GENIUS Act: U.S. legislation defining stablecoin regulation, expected to fuel the stablecoin ecosystem—which primarily runs on Ethereum—thus increasing fee demand on the network.
- Network upgrades: Post‑Merge improvements, including the March 2024 “Dencun” upgrade with Proto‑Danksharding for lower L2 rollup data costs, and the mid‑2025 “Pectra” upgrade allowing flexible validator staking, are enhancing scalability and cost efficiency.
- Macro tailwinds: Expectations for U.S. Federal Reserve rate cuts in Q3‑Q4 2025 and broader institutional crypto adoption (e.g., open 401(k) crypto investments) are boosting risk‑on sentiment.
Sub-Headline: Comparative Momentum vs. Bitcoin—Is Ethereum Taking Over?
Ethereum is showing stronger momentum than Bitcoin. The ETH‑BTC ratio, currently around 0.036, is projected to rise to about 0.05 by 2025—signaling Ethereum could outpace Bitcoin’s gains if trends persist.
Some analysts suggest that Ethereum may be poised to overtake Bitcoin as the dominant asset in crypto, thanks to its superior applicability in decentralized finance, tokens, NFTs, and its regulatory alignment.
Sub-Headline: Summary Table (Visual — insert here)
[Insert Image: Comparative graph—ETH price trend, net outflows, ETF inflows]
Sub-Headline: Final Thoughts
Ethereum’s ascent toward its all‑time high is underpinned by robust institutional demand, ETF inflows, regulatory clarity, and significant protocol upgrades. Exchange outflows indicate investor confidence and long‑term holding behavior, while legislative and macroeconomic tailwinds support continued adoption. Standard Chartered’s bullish forecasts to $7,500 by year‑end and $25,000 by 2028 reflect a profound shift in sentiment and fundamentals.
For those exploring new crypto opportunities or practical blockchain deployments, Ethereum’s trajectory offers both compelling speculation and real‑world utility—positioning it not just as a speculative asset but as a foundational platform for future innovation.
