4E: BTC hits record high, Standard Chartered sharply raises ETH medium- and long-term expectations

On August 1st, according to 4E observation, BTC broke through $124,000 in a short time, reaching a high of $124,474, setting a new historical record. At the same time as the market sentiment is high, Google Trends data shows that the global search volume for the keyword "altcoin" has reached a new high in nearly five years, showing that retail investors and institutions are paying more attention to the counterfeit products market.
In terms of US politics and monetary policy, the Trump administration is considering 11 candidates to chair the Federal Reserve. The three new candidates include David Zervos, chief market strategist at Jefferies, Larry Lindsey, a former Fed governor, and Rick Rieder, global fixed income CIO at BlackRock. Analysts pointed out that if the signal of personnel changes strengthens, the market may adjust interest rate expectations and risk pricing earlier.
In its latest report, Standard Chartered significantly raised its ETH target price by the end of 2025 from $4,000 to $7,500, and raised its target by the end of 2028 from $7,500 to $25,000, citing the expansion of the Ethereum ecosystem, the increase in institutional adoption, and the acceleration of on-chain financialization trends.
4E reminds investors that historical highs and institutional bulls do not mean that the trend is risk-free. It is recommended that investors pay attention to the macro narrative and on-chain fundamentals of BTC and ETH, and at the same time, do a good job in position allocation and cycle rhythm control.