Ethereum Still A Bargain? StanChart Exec Says ETH Is ‘Cheap’ And Ready To Rally
August 28, 2025 · 12:00 AM
Standard Chartered's digital assets research chief, Geoffrey Kendrick, believes Ethereum has potential for price growth despite recent fluctuations, targeting $7,500 by year-end. He attributes this optimism to increasing institutional demand and decreasing exchange liquidity, which has led to about 7.5% of circulating ETH being absorbed by corporate treasuries and ETFs since June. Significant outflows from exchanges, particularly Binance, suggest reduced selling pressure.
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