CoinVoice has learned that Tom Lee, the newly appointed chairman of the board of BitMine, stated that Standard Chartered Bank has raised its year-end price expectation for Ethereum to a target of $7,500, which he believes underestimates its true value. He claims that based on the fundamental valuation of the Ethereum network, the reasonable price for ETH should be around $15,000, while the current price is approximately $3,700. [Original link]