Ethereum could explode: British bank sees price rise to $7,500

After months of mixed performance in the crypto market, attention is shifting back to Ethereum (ETH). The British bank Standard Chartered expects that this currency will excel in the coming years.

According to the bank, altcoins can catch up significantly with Bitcoin (BTC), with Ethereum as the main contender.

Ethereum price forecast: $7,500 in 2026?

According to a recent analysis by Standard Chartered, Ethereum is poised to surpass Bitcoin. In a message on The bank even expects a level around 30,000 dollars towards 2029.

The analysts point out that Ethereum’s fundamentals have improved greatly in recent years. While Bitcoin is struggling to further expand its dominant position, interest in Ethereum is growing among investors and institutions.

At the time of writing, the Ethereum price is around $3,330. The currency is clearly on the rise. In the past 24 hours, ETH rose by more than six percent, while the Bitcoin price rose about three percent in the same period.

If Standard Chartered’s scenario comes true, it would mean an increase of more than one hundred percent within a year and even a multiple of that over several years.

Why Ethereum is gaining ground on Bitcoin

According to Standard Chartered, it’s mainly about use and adoption. Ethereum is still the most important platform for decentralized finance. The majority of all DeFi applications run on this network. The total value established there is more than 75 billion dollars.

Other networks don’t come close. Solana follows at a considerable distance. And that doesn’t even fully include Layer-2 networks such as Arbitrum and Base. There is also billions in capital there.

In addition, the interest of major investors is growing. Ethereum is increasingly seen as more than just a coin. For many funds it is a base layer for the entire blockchain economy. That makes it more attractive for parties who look beyond just price movements.

There is also a lot to happen technically. Major network upgrades are expected in the coming years, including Glamsterdam and Heze-Bogota. These should make the network faster and cheaper. Ultimately, Ethereum must be able to process thousands of transactions per second.

Altseason in sight with Ethereum as the leader?

While Bitcoin set the pace in recent times, analysts are increasingly looking at a possible shift towards altcoins. According to analyst Matthew Hyland, there is a multi-year bull market in which altcoins can outperform BTC.

In a recent analysis, he argues that the dominance of altcoins over Bitcoin is at a major technical tipping point. After years of decline, this ratio could rise again towards the levels of the previous altcoin season.

If that scenario unfolds, Ethereum could play a leading role, according to several analysts. With strong fundamentals, increasing adoption and major upgrades on the horizon, more and more market watchers see ETH as one of the top candidates to lead the next altseason.