SC Bank: "Ethereum will reach at least $7,000 next year"···Expected price revised downward

"ETH, Prices will change significantly after the US presidential election"

Standard Chartered, a global bank, predicted in its report on the 9th that the minimum price of ETH next year will be $7,000.

The research team led by Jeffric Kendrick of Standard Chartered argued that the price of ETH will change significantly after the US presidential election.

The Standard Chartered report pointed out that if former President Trump is re-elected as US president, the price of ETH could reach $10,000 per unit. The report stated that "the Trump administration will transform the cryptocurrency industry itself, and this transformation will be achieved through ETH and Solana."

The report identified Solana (SOL) as the cryptocurrency that will benefit the most under the Trump administration. The report said, "While ETH is expected to maintain the largest share of the altcoin market under the Trump administration, Solana's performance is expected to significantly outperform ETH."

The report noted that if Vice President Harris is elected, ETH could reach $7,000. The report emphasized that "under the Harris administration, the target price of ETH could be adjusted downward by about 30% from the price under the Trump administration, but ETH will solidify its position in the altcoin market and outperform BTC and Solana in terms of profitability."

Meanwhile, Standard Chartered has attracted attention both inside and outside the market by lowering its forecast for ETH. Standard Chartered had previously set the forecast price of ETH at around $15,000 in several reports published this year.

As of 10 am on the 10th, the price of ETH was recorded at $2,385 based on CoinMarketCap.

Reporter Kwon Seung-won ksw@