Standard Chartered's comment on the crypto market get dumped

According to Geoffrey Kendrick, the chief analyst responsible for digital assets at Standard Chartered, both Ether and the stock prices of companies holding Ether are still very cheap and present a buying opportunity.

"They brought the record"

In a customer note shared by Standard Chartered Bank yesterday, Kendrick emphasized the importance of Ether purchases made since June:

"Ethereum treasury companies have purchased a total of 2.6% of the total Ether supply since June. ETFs also acquired 2.3% during the same period. A total of 4.9% of the supply was accumulated in less than 3 months. This has brought a new record of $4955 for Ether."

"There is no reason for it to be below MSTR"

Kendrick noted that despite these increases and the record-breaking, the price of Ether is still cheap, and he made some comparisons, especially with the Strategy firm:

"Treasury companies will eventually hold 10% of the Ether supply. Bitmine Immersion aims for 5% on its own. ETH treasury companies can receive a 3% staking reward. For example, there is no such situation in Strategy. No DeFi, no staking. But the net company value per share of Ether companies is still below MSTR... I see no reason for this situation to continue as it is."

Kendrick noted that he is behind the previous Ether price targets and reiterated his prediction of 7500 dollars for Ether by the end of the year.

Standard Chartered analysts had also set a price target of 200 thousand dollars for Bitcoin by the end of the year.

Published: August 27, 2025 08:39Last Updated: August 27, 2025 08:47