RayhanBros
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Bullish
Standard Chartered Predicts $ETH Price to Reach $7,500 ⁉️⁉️
$ETH is projected to reach $7,500 by the end of the year, driven by treasury companies' accumulation and strong institutional demand. Standard Chartered, led by Geoffrey Kendrick, emphasizes the undervaluation of Ethereum amid increasing staking activities.
Standard Chartered forecasts Ethereum (ETH) will reach $7,500 by year-end, driven by increased accumulation by treasury companies, as revealed in a recent research note by Geoffrey Kendrick, Global Head of Digital Assets Strategy.
Ethereum's price prediction reflects growing institutional interest and market realignment toward treasury companies investing heavily in Ethereum.
Standard Chartered has revised its year-end prediction for Ethereum (ETH) to $7,500, citing significant accumulation by treasury companies like SharpLink Gaming and BitMine Immersion. This comes amid strong institutional demand and increasing participation in staking, according to Geoffrey Kendrick.
The market's dynamic is changing, with treasury companies now accumulating ETH at unprecedented rates. Kendrick stated that "ETH and the ETH treasury companies are cheap at today’s levels," presenting a unique entry point for investors.
Spot ETH ETFs saw $444 million in inflows, underscoring a shift in preference from Bitcoin to Ethereum. This change is driven by the higher staking yields available to ETH treasury companies. Both SharpLink Gaming and BitMine Immersion are significant players in this trend.
Ethereum's price and usage have reached new highs, outperforming Bitcoin's growth year-to-date. Analysts project further gains as institutional momentum continues to build around Ethereum investment vehicles. For companies strategizing ETH accumulation, the outlook appears favorable.
Continued buying interest by treasury companies and the proliferation of Ethereum-based products are expected to bolster blockchain's position. Analysts believe ETH is positioned for robust growth, as suggested by ongoing market trends and Standard Chartered's projections.
$ETH
$ETH is projected to reach $7,500 by the end of the year, driven by treasury companies' accumulation and strong institutional demand. Standard Chartered, led by Geoffrey Kendrick, emphasizes the undervaluation of Ethereum amid increasing staking activities.
Standard Chartered forecasts Ethereum (ETH) will reach $7,500 by year-end, driven by increased accumulation by treasury companies, as revealed in a recent research note by Geoffrey Kendrick, Global Head of Digital Assets Strategy.
Ethereum's price prediction reflects growing institutional interest and market realignment toward treasury companies investing heavily in Ethereum.
Standard Chartered has revised its year-end prediction for Ethereum (ETH) to $7,500, citing significant accumulation by treasury companies like SharpLink Gaming and BitMine Immersion. This comes amid strong institutional demand and increasing participation in staking, according to Geoffrey Kendrick.
The market's dynamic is changing, with treasury companies now accumulating ETH at unprecedented rates. Kendrick stated that "ETH and the ETH treasury companies are cheap at today’s levels," presenting a unique entry point for investors.
Spot ETH ETFs saw $444 million in inflows, underscoring a shift in preference from Bitcoin to Ethereum. This change is driven by the higher staking yields available to ETH treasury companies. Both SharpLink Gaming and BitMine Immersion are significant players in this trend.
Ethereum's price and usage have reached new highs, outperforming Bitcoin's growth year-to-date. Analysts project further gains as institutional momentum continues to build around Ethereum investment vehicles. For companies strategizing ETH accumulation, the outlook appears favorable.
Continued buying interest by treasury companies and the proliferation of Ethereum-based products are expected to bolster blockchain's position. Analysts believe ETH is positioned for robust growth, as suggested by ongoing market trends and Standard Chartered's projections.
$ETH
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