Standard Chartered Bank: ETH price may reach $8,000 by the end of 2026

ChainCatcher news, according to The Block, Standard Chartered Bank has stated that by the end of 2026, the price of Ethereum's native cryptocurrency ETH could rise from the current approximately $1,600 to $8,000.

Geoffrey Kendrick, the bank's head of foreign exchange and cryptocurrency research, said in a report on Wednesday, "We believe that Ethereum's established dominance in the smart contract platform, along with emerging uses in gaming and tokenization, could potentially push ETH to the level of $8,000 by the end of 2026 (which is 5 times the current price of $1,600)."

Kendrick indicated that the expected rise to $8,000 is seen as the first step towards the bank's previously set "long-term structural valuation" range of $26,000 to $35,000. While the long-term valuation assumes that Ethereum's future use cases and revenue streams may not yet have materialized, the real use cases in gaming and tokenization should support their development.