Ethereum News Today: Ethereum's Undervalued Treasuries Power Bullish Case for $7,500

Standard Chartered’s digital assets research team has reiterated a bullish outlook for Ethereum, with the firm’s global head of digital assets, Geoffrey Kendrick, maintaining a price target of $7,500 by year-end. The projection is based on sustained buying pressure from Ethereum-based digital asset treasury (DAT) companies and spot ETFs, which have absorbed nearly 5% of circulating ETH since June. These purchases, combined with the ability of DATs to capture Ethereum’s 3% staking yield, have positioned Ethereum as a compelling investment, particularly in comparison to Bitcoin-based treasuries.

Kendrick emphasized that Ethereum and its associated treasuries remain undervalued at current price levels, noting that firms such as BitMine Immersion (BMNR) and SharpLink Gaming (SBET) have seen their net asset value (NAV) multiples fall below those of Bitcoin-focused companies like MicroStrategy (MSTR). This discrepancy is problematic, as Ethereum treasury firms generate a yield on their holdings, unlike their Bitcoin counterparts. He further highlighted that SBET’s recent announcement of a share repurchase plan if its NAV multiple drops below 1.0 could act as a “hard floor” for valuations, limiting downside risk.

The demand for Ethereum is also being driven by strong inflows into U.S. spot ETFs. On August 25, Ethereum ETFs saw $443.9 million in net inflows, nearly doubling the amount of Bitcoin ETFs during the same period. BlackRock’s ETHA and Fidelity’s FETH were the largest contributors to this surge, with ETHA alone attracting $314.9 million in new capital. This marked the highest daily inflow for Ethereum ETFs since their launch and pushed total assets under management to $28.8 billion. Analysts have noted that the buying pressure appears to be driven by institutional investors treating price dips as opportunities, rather than retreating from the market.

Kendrick’s broader thesis also includes a 10% ownership target for Ethereum’s circulating supply by corporate treasuries, based on current accumulation rates. He cited BitMine Immersion and SharpLink Gaming as two of the most aggressive buyers, with BitMine aiming to acquire 5% of all ether in circulation. The rapid accumulation by these entities has contributed to Ethereum’s recent price action, pushing the asset to an all-time high of $4,955 in early August. Despite a pullback to around $4,500, the analyst views this as a favorable entry point for investors, citing the growing institutional demand and structural advantages over Bitcoin-based treasuries.

The bullish case for Ethereum is supported by both fundamental and technical indicators. Technically, Ethereum must hold above a rising trendline near $4,000 to maintain its bullish structure. A break below this level could send the price toward $3,500, while a sustained close above $5,000 would validate a potential bullish pennant. Relative strength metrics, including the RSI and Stochastic Oscillator, remain slightly above neutral levels, indicating a modestly positive momentum phase. Given the current trajectory of ETF inflows and corporate accumulation, the market appears increasingly structured for a continuation of the upward trend.

Source: [1] Standard Chartered calls Ethereum and ETH treasury companies cheap at current levels (https://www.theblock.co/post/368313/standard-chartered-calls-ethereum-and-eth-treasury-companies-cheap-at-current-levels) [2] Ethereum price forecast: Standard Chartered sees ETH's pullback as good buying opportunity (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-standard-chartered-sees-eths-pullback-as-good-buying-opportunity-202508262152) [3] Ethereum price will hit $7500 by year-end, says Standard Chartered (https://www.dlnews.com/articles/markets/eth-price-to-7500-in-2025-says-standard-chartered/) [4] ETH ETFs haul $443.9M, crushing Bitcoin with 2x inflows (https://finance.yahoo.com/news/eth-etfs-haul-443-9m-150015899.html)