ChatGPT-4o sets Ethereum price as $800 billion bank enters ETH spot trading

Ethereum (ETH) has been conquering traditional finance attention, especially among relevant institutional players. Now, Standard Chartered, a banking giant with over $822 billion in assets under management (AUM), has also made its move.

According to a Bloomberg report, Standard Chartered plans to offer Ether and Bitcoin (BTC) in a new crypto trading desk. If accomplished, the move will make StanChart the first major global bank to offer this service.

“We have been working closely with our regulators to support demand from our institutional clients to trade bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,” the bank said in a statement.

ChatGPT-4o Ethereum price prediction. Source: NanoGPT

Ethereum (ETH) price analysis

As of this writing, Ethereum trades at $3,496 per token, showing strong momentum in the one-year price chart. The leading Web3 cryptocurrency has gained 86% year-over-year, getting its launchpad ready for a significant surge if everything goes favorably.

A rally to the AI targets would result in up to 157% gains from current prices.

Ethereum (ETH) one-year price chart. Source: Finbold

However, ChatGPT-4o can make mistakes, and ETH’s success depends highly on the demand that its network can attract. Cryptocurrencies continue to be developed, some offering remarkable competitive advantages over Ethereum. Investors must be cautious and actively do their research to keep up-to-date with the market.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.