Standard Chartered: The outlook for Ethereum has improved, and its performance is expected to surpass that of Bitcoin

Standard Chartered Bank stated that the outlook for Ethereum has improved, and its performance is expected to surpass that of Bitcoin.

Despite Bitcoin's weak performance dragging down the entire cryptocurrency market, the growing institutional demand for Ethereum, along with its dominance in stablecoins, physical assets, and decentralized finance (DeFi), supports a stronger outlook. Improvements in network throughput and the potential clarification of U.S. regulatory policies may further drive up Ethereum's price. Standard Chartered Bank previously predicted that Ethereum's price would reach $7,500 this year and $30,000 by 2029.