A recent analysis by Standard Chartered under the leadership of Geoff Kendrick highlights Ethereum and ETH treasury firms as undervalued assets with a price target of $7,500 by year-end.
Undervaluation of Ethereum and ETH Treasury Firms
In a recent analysis, Standard Chartered states that Ethereum and ETH treasury companies are regarded as undervalued assets. Kendrick indicates that since the price drop in early June, treasury companies have acquired 2.6% of the circulating ETH, revealing significant growth potential. He stated, 'Ethereum (ETH) and ETH treasury companies are currently undervalued at present price levels.'
Institutional Investments and Ethereum's Role
The outlook for Ethereum encourages institutional investors to incorporate it into their portfolios. Kendrick forecasts that as treasury assets increase, Ethereum may gain support from institutional and ETF investments, creating an attractive environment for investors looking to enter the market at median levels.
Trends in Bitcoin and Ethereum Accumulation
Analyzing the history of Bitcoin accumulation reveals similar trends for Ethereum. The growing interest in ETF products and strategic positions points to a forthcoming increase in demand from institutional investors. Experts note that an increase in treasury companies' share in circulating Ethereum may indicate its market ascent.
The overall picture analyzes the potential for upcoming growth for Ethereum, as institutional investments continue to accelerate, while Kendrick's forecasts indicate positive trends in the market.
