Standard Chartered recently predicted that the Ethereum price could reach $10,000 in the near term, and that the overall crypto market cap could hit $10 trillion by the US mid-term elections in late 2026. The bank also maintained its previous target of $10,000 for Ethereum, and predicted that Bitcoin could reach $200,000 at the same time.
The bank’s bullish prediction was based on factors such as the recent Republican victory and a potential soft stance from the US SEC towards the cryptocurrency market under the Republican administration.