A recent report from a top bank sent waves of excitement through the crypto community with its bold predictions regarding the growth of Ethereum (ETH).

Standard Chartered attracted the attention of investors worldwide by suggesting a potential upside of over 2,000 percent for ETH.

Looking at the 4-hour chart, ETH is stuck in a descending wedge formation with clear lower highs and lower lows.

Meanwhile, on-chain data from CoinGlass shows 4-hour short volume increased by 137% to $1.24 billion, indicating investors are bearish.

Even as Ethereum remains trapped in a web of uncertainty, bullish predictions for the world's second-largest cryptocurrency remain.

Standard Chartered Bank's latest forecast predicted that ETH could rise over 2,000% in the coming years.

The UK-based financial giant predicts that Ethereum will reach $8,000 by the end of 2026; This represents a 419% increase from current levels near $1,500

This price increase is driven by real-world use cases emerging in gaming, NFTs, decentralized finance (DeFi), and enterprise adoption, strengthening ETH's dominance as the world's leading smart contract platform.

Standard Chartered predicts that in the long term, Ethereum could reach between $26,000 and $35,000, a staggering 2,173% rise.

Upgrades such as proto-danksharding in 2024 are expected to increase Ethereum's capabilities and justify higher valuations for ETH.

With major banks like Standard Chartered now demanding massive ETH price targets like this, the stage looks set for Ethereum to become a major player in the financial and technological landscape.