(Reuters) -Standard Chartered raised its year-end target for ether to $7,500 from $4,000 on Wednesday, citing improvement in industry engagement in recent months and emergence of Ethereum treasury companies.
The brokerage also raised its 2028 year-end ether forecast to $25,000 from $7,500
World’s no.2 crytocurrency was last trading at $4,679.47, a level last seen in November 2021.
(Reporting by Kanchana Chakravarty in Bengaluru; Editing by Harikrishnan Nair)
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