Yesterday, Standard Chartered Bank issued a call, directly stating: ETH buying opportunity.

In the email sent to clients, Standard Chartered provided several key points:

1️⃣ Institutional holdings are still insufficient

Currently, several "Ethereum version MicroStrategy" (including ETF investors) have only purchased 4.9% of ETH, far below their set target of 10%. In other words, the main positions are not yet full.

2️⃣ Leading valuation is relatively low

The mNAV multiples of BMNR and SBET, the two Ethereum version MicroStrategies, are still lower than Bitcoin leader MicroStrategy (MSTR). Additionally, ETH yields an extra 3% staking reward, which BTC cannot provide.

3️⃣ Maintain year-end target price of $7,500

The logic is simple: positions are not fully allocated, and institutions will continue to buy, driving prices closer to the target.

In other words, the attitude of institutions is: don’t panic when prices drop; if we haven’t bought enough, we can continue to accumulate. $ETH