Ethereum “Cheap” Says Standard Chartered’s Kendrick
Standard Chartered’s Geoff Kendrick says Ethereum is undervalued and maintains his $7,500 price target for year-end.
- Standard Chartered reaffirms bullish ETH outlook despite recent dip.
- Geoff Kendrick calls ETH “cheap” and highlights it as a buying opportunity.
- Ethereum remains on track for a $7,500 target by year-end.
ETH Sell-Off? Standard Chartered Sees Opportunity
Despite the recent dip in Ethereum’s price, Standard Chartered’s Head of FX and Digital Assets Research, Geoff Kendrick, remains firmly bullish. Calling Ethereum and ETH-focused treasury companies “cheap” at current levels, Kendrick reaffirmed his Ethereum price prediction of $7,500 by the end of 2025.
His comments come amid a broader market cooldown that saw Ethereum retreat from its recent highs. But rather than sounding alarm bells, Kendrick sees this pullback as a strong entry point for long-term investors—especially institutional players looking for solid crypto exposure.
Why Kendrick Stands by $7,500 Target
Kendrick’s bullish stance is rooted in several factors: Ethereum’s upcoming ecosystem upgrades, increasing institutional interest, and its expanding role in decentralized finance (DeFi) and tokenization. According to him, the current market conditions offer an undervalued opportunity that could pay off significantly by year-end.
He specifically mentioned that ETH-based treasury firms—companies that hold Ethereum as part of their balance sheet—are trading below their potential value. “If you believe in Ethereum’s long-term utility and growth, now’s the time,” he noted.
A Signal for the Broader Market?
Standard Chartered’s support of Ethereum isn’t new, but such comments from major banking institutions continue to add credibility to crypto assets in traditional financial circles. Kendrick’s views may influence investor sentiment at a time when many are looking for direction after the recent sell-off.
If Ethereum climbs to $7,500 as predicted, it would represent a major rally from current levels—potentially validating Kendrick’s belief that ETH is not just undervalued, but a strategic buy.
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