Standard Chartered Bank Predicts Ether Price to Soar to $8,000 and Beyond

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Standard Chartered Bank Predicts Ether Price to Soar to $8,000 and Beyond

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According to Geoff Kendrick, Head of FX Research, West, and Digital Assets Research at Standard Chartered Bank, there is a strong possibility that the price of ether could reach $8,000 by the end of 2026. Currently, ether is trading just below $1,600. In the nearer future, Kendrick believes that the bitcoin halving event in April 2024 will have a positive impact on the entire market, and he predicts that ether will reach $4,000 by the end of next year. Looking ahead even further, Kendrick sees the $8,000 level as a significant milestone towards the bank's long-term valuation estimate of $26,000-$35,000 for ether.