Standard Chartered Spot Trading Will Drive Ethereum (ETH) to $9,000 by Mid-2025: ChatGPT-4o

Ethereum (ETH) has been conquering traditional finance attention, especially among relevant institutional players. Now, Standard Chartered, a banking giant with over $822 billion in assets under management (AUM), has also made its move.

Standard Chartered, a banking behemoth with over $822 billion in assets under management (AUM), is reportedly preparing to offer Ether and Bitcoin in a new crypto trading desk. The move, if realized, will make StanChart the first major global bank to offer the service, according to a report by Bloomberg.

“We have been working closely with our regulators to support demand from our institutional clients to trade bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,” the bank said in a statement to the publication.

The bank already has stakes in crypto-focused firms like Zodia Custody and Zodia Markets. Standard Chartered also launched Libeara, a blockchain unit, to help institutions tokenize real-world assets, a use case that is heavily supported by the Ethereum network.

The bank has remained bullish on the crypto sector, with earlier analysis predicting that Bitcoin will hit $150,000 in 2024, as reported by Finbold. In light of this development, we asked ChatGPT-4o to provide a price prediction for Ethereum, considering the recent support from Standard Chartered.

ChatGPT-4o Ethereum price prediction with Standard Chartered spot tradingIt is worth noting that ChatGPT-4o, the flagship product of OpenAI, mentioned that the increasing institutional adoption is a key driver of demand for Ethereum. The artificial intelligence (AI) chatbot provided three scenarios, presenting a bullish, a moderate, and a bearish outlook.

First, ChatGPT forecasts ETH to trade between $6,000 and $9,000 by mid-2025. This forecast assumes positive regulatory developments, successfully launched Ethereum spot ETFs, and increased institutional adoption.

A more moderate scenario puts Ether, the native token, between $4,500 to $6,000 by mid-2025, considering a sustained but not explosive influx of institutional funds. Meanwhile, Ethereum could remain at its current level between $3,000 to $4,000 if things do not play out as expected.

Ethereum (ETH) price analysisAt the time of writing, Ethereum is trading at $3,496 per token, showing strong momentum in the one-year price chart. The leading Web3 cryptocurrency has gained 86% year-over-year, getting its launchpad ready for a significant surge if everything goes favorably.

A rally to the AI targets would result in up to 157% gains from current prices.

However, it is crucial to remember that ChatGPT-4o is capable of making mistakes, and ETH’s success depends largely on the demand that its network can attract. Cryptocurrencies are continuously being developed, with some offering remarkable competitive advantages over Ethereum. Investors must be vigilant and actively conduct their research to stay up-to-date with the market.

News source：https://www.kdj.com/cryptocurrencies-news/articles/standard-chartered-spot-trading-drive-ethereum-eth-mid-chatgpto.html

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