StanChart says Ethereum treasury companies are undervalued, revises ETH forecast to $7,500 by year-end

Standard Chartered said Ethereum (ETH) and the companies holding it in their treasuries remain undervalued, even as the second-largest crypto surged to a record $4,955 on Aug. 25. Geoffrey Kendrick, the bank’s head of crypto research, said treasury firms and exchange-traded funds have absorbed nearly 5% of all Ethereum in circulation since June. Treasury companies The post StanChart says Ethereum treasury companies are undervalued, revises ETH forecast to $7,500 by year-end appeared first on CryptoSlate.