Tom Lee: Standard Chartered's year-end target price of $7,500 for Ethereum is 'too low'

BlockBeats news, on August 14, BitMine's newly appointed chairman Tom Lee responded on platform X to Standard Chartered's forecast of Ethereum's year-end price at $7,500, stating that this target price may be too low.

Previously, Tom Lee stated that based on the fundamental valuation of the Ethereum network, a reasonable price for ETH is $15,000, while the current price is $3,700.