STANDARD CHARTERED BELIEVES THAT THE ADJUSTMENT OF ETHEREUM FROM ATH LEVEL IS A "GREAT ENTRY POINT" FOR INVESTORS

🔹 Geoffrey Kendrick, the head of the bank's digital assets division, predicts that ETH will reach 7,500 USD by the end of 2025 due to increasing institutional demand.

🔹 Since June, treasury companies and ETF funds have purchased 4.9% of the ETH supply, helping the price of ETH reach 4,953 USD, surpassing the previous peak in 2021.

🔹 Kendrick expects treasury companies to soon hold 10% of the total ETH supply and believes that ETH is currently cheap compared to its potential.

🔹 Kendrick emphasizes that ETH is more attractive than BTC for treasury companies because it can earn staking rewards and leverage opportunities in DeFi, something that ETF funds in the US cannot do.