While Bitcoin (BTC) continues to draw large 15-minute green and red candles, altcoins are getting worn out in the process. Trump’s continued attacks on the Fed undermined stocks and Silver and Gold reached new highs. We are in a busy week full of surprises, and ETH is trying to protect $ 3,100 at the time of writing. Standard Chartered is in the middle of this process by 2029 ETH price updated its target.
Standard Chartered ETH Target
Researchers at Standard Chartered, who are closely interested in cryptocurrencies, shared their new long-term predictions. They made a bold prediction and Ether’s Considering its current situation, we can say that it is quite ambitious. Analysts announced a target of 30 thousand dollars for 2029. Analysts who revised their previous target upwards rather than cycle timing of Ethereum They can make such a prediction by referring to its role in global on-chain finance.
This ambitious forecast may not be fulfilled like the previous ones, but it is for further rise. Standard Chartered His motivation is fueled by his belief in blockchain-based finance. ETH may take on its intended role in the next 5 years, or we will see alternative networks suddenly dominate the RWA, tokenization space.
We will see what happens in the future, but when we look at the future from today, it will not be easy for Ethereum to lose this while it is already in a leading position. Almost the entire corporate finance sector with a presence in this field is launching Ethereum-related products. Even JPM is working with Chainlink to move assets from its private network to the Ethereum mainnet, or giants like BlackRock are issuing tokenized bonds on the Ethereum network.
The chart above shows ETH interest from crypto reserve companies. Even though there is a story revolving around BitMine, the vertical growth of ETH DAT reserves continues.
Altcoins Bullish Signal
Altcoins, which started the new year with a short-term rise after excessive sales, stopped again. However, Mustache draws attention to the MACD intersection and says that this signals a significant rise across altcoins, as before.
“In altcoins A bullish MACD crossover has occurred.
“When TOTAL2 makes a bullish crossover on the MACD, altcoins have always gained 100% or more.”
