Standard Chartered: Ethereum Outlook Improves, Expected to Outperform Bitcoin

According to Odaily, 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, as well as Ethereum's dominance in the fields of stablecoins, real-world assets, and decentralized finance (DeFi), all support its stronger prospects. Improvements in network throughput and the potential clarification of US regulatory policies could further drive up the price of Ethereum. Standard Chartered Bank previously predicted that Ethereum's price would reach $7,500 this year and $30,000 by 2029.