Ethereum Inches Within $100 of All-Time High — Standard Chartered Raises Year-End Target to $7,500

TradingKey – On Thursday, August 14, Ethereum (ETH) continued its bullish run, climbing over 2% in the past 24 hours to reach a high of $4,790, just $100 shy of its all-time high of $4,891 set in November 2021.

Ethereum Price Chart – Source: TradingView

The rally has reignited investor enthusiasm, with Google search volume for “Ethereum” hitting a record score of 100, surpassing its previous peak in 2021.

Google Search Trends – Source: Google

The market is gripped by FOMO (fear of missing out), with bullish sentiment accelerating. Chris Burniske, former head of crypto at Ark Invest and now a partner at Placeholder VC, predicts Ethereum will peak in October, with prices reaching between $6,900 and $8,000.

Meanwhile, Standard Chartered Bank has revised its year-end ETH price target from $4,000 to $7,500, citing three key drivers:

• Expansion of the Ethereum ecosystem, including Layer 2 scaling and DeFi growth
• Rising institutional adoption, with ETFs and treasury purchases accelerating
• On-chain financialization, as stablecoins and tokenized assets increasingly rely on Ethereum infrastructure