US EditionEthereum Price Forecast: Standard Chartered Sees ETH's Pullback as Good Buying Opportunity
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Ethereum Still A Bargain? StanChart Exec Says ETH Is 'Cheap' And Ready To Rally
Standard Chartered’s digital assets research chief says Ethereum still has room to rise, even after recent swings in price. According to Geoffrey Kendrick, growing institutional demand and shrinking exchange liquidity are tightening supply and could push Ether higher toward his year-end target of $7,500. Institutional Demand Up Reports have disclosed that corporate digital asset treasury firms have bought about 2.5% of circulating ETH since June…
According to the entity in its most recent report, both Ethereum and the companies that keep ETH in their balance sheets would be undervalued, so there is a very pronounced growth margin for the coming years. *** Treasury companies have acquired 2.6% of ETH’s supply since June. In cash ETFs added another 2.3% in the same period. Standard Chartered projects ETH at USD $7,500 at the end of the year and USD $25,000 in 2028. British firm Standard Ch…
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