$4000 to $7,500: Standard Chartered Raises ETH Year-End Forecast

Week of August 19 - 25, 2025

U.S. Treasury Secretary Scott Bessent reaffirmed that the department is still exploring budget-neutral ways to acquire Bitcoin for the nation’s Strategic Reserve. While he had previously suggested that no new Bitcoin would be purchased directly, Bessent later clarified that acquisitions would continue through seized assets.

Norway’s Sovereign Wealth Fund increased its indirect Bitcoin exposure by 192% over the past year, through investments in Strategy, Metaplanet, and Coinbase. Its total Bitcoin holdings now stand at 7,161 BTC, reflecting a growing trend among sovereign wealth funds worldwide to gain indirect exposure.

Standard Chartered has raised its year-end Ethereum (ETH) price forecast from $4,000 to $7,500, projecting it could reach $25,000 by 2028. The upgrade is fueled by ETF inflows, private company adoption, and policy support from the GENIUS Act.

NFT market capitalization surged 40% in July to $9.3 billion, driven by Ethereum’s rising price. Collections like CryptoPunks and BAYC remain leaders in the sector.

Google Trends data shows global searches for “Altcoin” hit their highest since 2021, while “Ethereum” searches reached a two-year high, reflecting growing investor interest fueled by ETF launches and corporate participation.

Technical Analysis

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Bitcoin (BTC)

Bitcoin (BTC) pulled back after reaching a new high of $124,000. The key support for this correction is at $112,000. If this level holds, the short-term trend is expected to consolidate sideways, building momentum for the next upward move. Investors can consider gradually accumulating around this support, but if it breaks, it is advised to pause new investments.

Support: 3,600,000 THB / 112,000 USD
Resistance: 4,000,000 THB / 124,000 USD

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Ethereum (ETH)

Ethereum (ETH) moved up to test levels near its previous all-time high before pulling back. However, its returns remain above the market average. Investors can consider gradually buying as long as the $4,200 support holds, with a target to retest the previous high of $4,800.

Support: 125,000 THB / 4,200 USD
Resistance: 155,000 THB / 4,800 USD

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Cardano (ADA)

Cardano (ADA) posted a 21.10% return last week. The overall trend is recovering upward. Investors can consider gradually buying on dips around the $0.86 support, with the first profit-taking target at the $1.08 resistance.

Support: 28 THB / 0.86 USD
Resistance: 35 THB / 1.08 USD

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Arbitrum (ARB)

Arbitrum (ARB) delivered a 19.20% return last week. The price broke through a key resistance, signaling a trend reversal to the upside. The recommended strategy is Buy on Dip, with the first entry around the $0.35 support and the initial profit-taking target at the $0.75 resistance.

Support: 14 THB / 0.35 USD
Resistance: 22 THB / 0.75 USD

Investment Trends

The recently released CPI data came in lower than expected, pushing Bitcoin to a new high and lifting the broader cryptocurrency market on the prospect that the US Federal Reserve (Fed) could cut interest rates three times in 2025, up from the previous expectation of two cuts. However, the release of higher-than-expected PPI data, along with statements from the US Treasury Secretary that no new Bitcoin would be purchased for the Strategic Reserve, pressured prices toward the end of the week—before he later clarified that Bitcoin purchases would continue.

The impact of these developments is expected to be negative in the short term, though the market continues to factor in three potential rate cuts this year. Additionally, the FOMC shows signs of divergence in interest rate policy, increasing the likelihood of a rate cut in the next meeting.

This week, there are no major macroeconomic events until next week’s Fed annual symposium in Jackson Hole, traditionally a key stage for monetary policy guidance. All eyes will be on the FOMC’s stance on interest rates.

The Bitcoin Dominance Index is starting to lose the upward trend it has maintained for nearly three years, while the Total3 Index is approaching a new high. This suggests a potential Altcoin Season in the coming period, with attention on Layer 2 blockchain projects, next-generation DeFi, and Liquid Staking tokens, which have seen increased buying activity over the past week.

References

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