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Leading international cross-border bank, <a href="https://bitcoinist.com/standard-chartered-sees-bitcoin-200k/">Standard Chartered</a> has made another bullish prediction for Ethereum. According to analysts from the bank, ETH could see a rise to new all-time highs, driven by the potential introduction of <a href="https://bitcoinist.com/approval-denial-ethereum-etf-sell-the-news-event/">Spot ETH Exchange Traded Funds (ETFs).&nbsp;</a> 
<h2 id="eth-price-set-to-rise-to-14-000">ETH Price Set To Rise To $14,000</h2> 
Analysts at Standard Chartered Bank have maintained an <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-takes-hit-3680/" rel="nofollow noopener" target="_blank">optimistic outlook for ETH</a>, anticipating that the second-largest cryptocurrency could witness an exponential surge to $14,000 by 2025.&nbsp; 
Detailed in a Monday note, the analysts revealed <a href="https://www.newsbtc.com/news/ethereum/ethereum-aims-for-10000-driven-by-2-key-factors-according-to-experts/" rel="nofollow noopener" target="_blank">key factors</a> that could drive Ethereum towards the predicted price target. Notably, the potential <a href="https://bitcoinist.com/ethereum-etf-issuers-brace-for-sec-march-meeting/">approval of an Ethereum Spot ETF</a> by the United States Securities and Exchange Commission (SEC) is a primary catalyst for ETH’s projected surge.&nbsp; 
According to the analysts at Standard Chartered, if the <a href="https://bitcoinist.com/coinbase-sec-5-arguments-spot-ethereum-etf/">SEC greenlights Spot Ethereum ETFs</a>, ETH could follow a straight road map to <a href="https://www.newsbtc.com/news/standard-chartered-bitcoin-ethereum-prediction-year-end/" rel="nofollow noopener" target="_blank">$8,000 by the end of 2024</a> and $14,000 by 2025. The analysts have maintained an optimistic outlook regarding the approval of Ethereum Spot ETFs, anticipating the SEC’s authorization by May 2024.&nbsp; 
The firm emphasized yet another significant factor that could propel the price of ETH to $14,000 – <a href="https://bitcoinist.com/ethereum-finalizes-dencun-upgrade-on-testnets/">Ethereum’s recent Dencun upgrade. </a>Geoffrey Kendrick, Standard Chartered’s Head of Forex and Crypto Research anticipates an influx of demand for the cryptocurrency, citing potential <a href="https://bitcoinist.com/ethereum-fees-spike-but-relief-on-the-horizon/">reduction in transaction costs</a> and improvements to the Ethereum blockchain facilitated by upgrade as key drivers. 
<h2 id="ethereum-spot-etfs-projected-to-draw-45-billion">Ethereum Spot ETFs Projected To Draw $45 Billion</h2> 
In addition to his <a href="https://www.newsbtc.com/news/ethereum/ethereum-new-5000-target/" rel="nofollow noopener" target="_blank">bullish projections for ETH</a>, Kendrick has also stated that Spot Ethereum ETFs could trigger a whopping $45 billion in inflows into the market. While there has been a <a href="https://www.newsbtc.com/news/cloudy-future-for-ethereum-etfs-whats-casting-doubt-on-their-fate/" rel="nofollow noopener" target="_blank">decline in overall optimism</a> regarding the SEC’s potential approval of Ethereum ETFs by May, the analyst has maintained a positive outlook, affirming the possibility of the SEC granting approval for these investment assets by the <a href="https://bitcoinist.com/sec-bitcoin-ethereum-etfs-deadline/">specified deadline</a> of May 23, 2024.&nbsp; 
According to Kendrick’s insights shared with The Block, he has estimated inflows ranging from $15 billion to $45 billion within the first 12 months following the <a href="https://bitcoinist.com/ethereum-etfs-approval-odds-drop-to-35/">approval of Spot ETH ETFs.&nbsp;</a> 
The crypto analyst indicated that he intends to apply the same methodology for estimating <a href="https://bitcoinist.com/bitcoin-etfs-new-ath-inflows-coinbase-reserves/">Spot Bitcoin ETF inflows</a> in his analysis. His reasoning suggests a similar trajectory for ETH’s future outlook as witnessed with Bitcoin following its ETF approval.&nbsp; 
Just as millions of dollars poured into the <a href="https://bitcoinist.com/without-spot-bitcoin-etfs-btc-down-20-founder/">Spot Bitcoin ETF</a> market after the SEC’s acceptance, a similar scenario could potentially unfold for Ethereum if its ETF is authorized. In such an event, the price of the cryptocurrency could witness a significant rise to <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-rally-4k/" rel="nofollow noopener" target="_blank">new all-time highs</a>, propelled by a surge in investor interest and capital inflows. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/e7svJHl6/" alt="Ethereum price chart from Tradingview.com" width="3286" height="1530">

Mega Bank Says Ethereum Price Could Reach $14,000, Here’s Why

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