Ethereum News Today: Standard Chartered raises Ethereum price target to $7,500 on institutional buying surge

Standard Chartered has revised its forecast for Ethereum, projecting the cryptocurrency could reach $7,500 by the end of the year, based on the continued undervaluation of companies holding ether in their treasuries [1]. The bank’s head of crypto research, Geoffrey Kendrick, noted that Ethereum treasury firms and exchange-traded funds have accumulated nearly 5% of the circulating supply since June, with treasury companies alone acquiring 2.6% and ETFs adding 2.3% [1].

This rapid accumulation, according to Kendrick, represents one of the fastest buy-in periods in crypto history, outpacing the pace at which Bitcoin was absorbed by similar institutional buyers in late 2024 [1]. The buying spree is seen as the early phase of a broader accumulation cycle. In a July note, Kendrick projected that treasury firms could eventually control up to 10% of all ether outstanding [1]. This aligns with public goals from companies such as BitMINE, which has set a target of 5% ownership, leaving an additional 7.4% of supply still in play and potentially supporting further price increases [1].

Kendrick highlighted the growing influence of institutional structures in crypto markets, noting that the convergence of ETF flows and treasury purchases creates a feedback loop that may tighten supply and push prices higher [1]. He also emphasized the disparity in valuations between Ethereum and Bitcoin treasury companies. While firms such as SharpLink and BitMINE have seen their net asset value (NAV) multiples fall below those of Strategy, the largest Bitcoin treasury firm, Kendrick argued that this discount is unjustified given that ether can generate a 3% staking return, unlike Bitcoin holdings [1].

Kendrick views the current price pullback as a “great entry point” for investors positioning ahead of potential inflows [1]. The bank has also cited SBET’s recent plan to repurchase shares if its NAV multiple falls below 1.0 as a mechanism that could establish a firm valuation floor for Ethereum treasury firms [1].

The revised $7,500 forecast for Ethereum by year-end underscores Standard Chartered’s bullish outlook, driven by the ongoing institutional adoption and the relative undervaluation of ether-holding firms [1].

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[1] StanChart says Ethereum treasury companies are undervalued, revises ETH forecast to $7,500 by year-end, https://cryptoslate.com/stanchart-says-ethereum-treasury-companies-are-undervalued-revises-eth-forecast-to-7500-by-year-end/