Ethereum (ETH) has captured the attention of traditional finance, especially among relevant institutional players. Now, Standard Chartered, a banking giant with over $822 billion in assets under management (AUM), has also made its decision.
According to a report, Standard Chartered plans to offer Ether and Bitcoin (BTC) in a new crypto trading desk. If this decision is carried out, StanChart will become the first major global bank to offer this service.
Additionally, the bank already has stakes in crypto-focused companies like Zodia Custody and Zodia Markets. Standard Chartered has launched Libeara, a blockchain unit, to help institutions tokenize real-world assets, a use case leveraged by the Ethereum network.
The bank remains bullish on the crypto sector, forecasting Bitcoin to reach $150,000 in 2024, as Finbold reports. In this context, we asked ChatGPT-4o for a price prediction on Ethereum, given the recent support from Standard Chartered.
ChatGPT-4o Ethereum Price Prediction with Standard Chartered Spot Trading
Notably, OpenAI’s flagship product, ChatGPT-4o, mentioned that increased institutional adoption is a driving factor in Ethereum demand. The artificial intelligence (AI) chatbot provided three scenarios addressing bullish, moderate and bearish outlooks.
First, ChatGPT predicts that ETH will trade between $6,000 and $9,000 by mid-2025. These forecasts assume positive regulatory developments, the successful launch of Ethereum spot ETFs, and increased institutional adoption.
A more moderate scenario places Ether, the native token, between $4,500 and $6,000 by mid-2025, given a sustained but not explosive inflow of institutional funds. Meanwhile, Ethereum could remain at its current level between $3,000 and $4,000 if things do not go as planned.
Ethereum (ETH) Price Analysis
At the time of writing, Ethereum is trading at $3,496 per token, showing strong momentum in the one-year price chart. Leading cryptocurrency Web3 has gained 86% year-over-year, setting up its launch pad for a significant increase if all goes well.
A rally towards AI targets would result in gains of up to 157% from current prices.
However, ChatGPT-4o can make mistakes and ETH’s success depends heavily on the demand its network can attract. Cryptocurrencies continue to grow, with some offering remarkable competitive advantages over Ethereum. Investors should be careful and actively do their research to stay informed about the market.
