According to a new report by Standard Chartered’s Geoffrey Kendrick, Ethereum (ETH) is set to hit a new all-time high sometime in 2026. According to the report, the second-largest cryptocurrency is on track to climb to a new peak of $7,500 this year. Hitting $7,500 from current price levels will entail a rally of about 140.15%. Kendrick further stated, “2026 will be the year of Ethereum, much like 2021 was“

Standard Chartered Predicts Multiple All-Time Highs For Ethereum Beyond 2026

Apart from the $7,500 forecast in 2026, the financial institution has also predicted that Ethereum (ETH) will hit $30,000 by 2029 and $40,000 by 2030. If ETH hits the $30,000 target, it price will rally by about 860.6%. Meanwhile, hitting $40,000 will entail a rally of about 1180% from current price levels.

While Standard Charted’s Ethereum (ETH) forecast is quite bullish, the financial institution has in fact lowered its price prediction.

When Will ETH Turn Bullish?

Ethereum (ETH) turned bullish in mid-2025, before facing a steep correction late last year. ETH climbed to a new all-time high of $4,946.05 in August 2025, but has since dipped by nearly 37%. According to CoinGecko data, ETH has rallied by 6.3% in the 14-day charts and 0.4% in the monthly charts, but is down 1.1% in the last 24 hours and 2.9% over the previous week.

Also Read: Goldman Sachs Sees June Rate Cut: What It Means for Crypto

Ethereum (ETH) is currently following the market-wide downtrend. The crypto market is still quote fragile, and investors are opting for safer bets, such as gold and silver. Both gold and silver have hit multiple all-time highs over the last few months. The surge in gold and silver prices is a signal that investors are staying away from risky assets, such as cryptocurrencies. The trend could change in the coming months, if the larger economy shows signs of improvement.