Kendrick of Standard Chartered: Ethereum is 'Cheap as Chips', Will Soar to 7,500 USD by the End of 2025?

Despite the recent bearish trend of Ethereum, Geoff Kendrick, Head of Forex and Digital Asset Research at Standard Chartered, remains optimistic. Noting that Ethereum and fund management companies focused on ETH are “cheap” at the current price, Kendrick reiterates his prediction that the price of Ethereum will reach $7,500 by the end of 2025. His comments came amid a cooling market, witnessing Ethereum fall from its recent highs. However, instead of sounding the alarm, Kendrick sees this pullback as a strong entry point for long-term investors - especially institutional investors looking for solid cryptocurrency investment opportunities. Why Kendrick Supports Target at the Price of 7,500 USD Kendrick’s optimistic viewpoint stems from several factors: the upcoming ecosystem upgrades of Ethereum, the growing interest from institutions, and its expanding role in the decentralized finance (DeFi) and crypto space. According to him, the current market conditions present an undervalued opportunity that could yield significant returns by the end of the year. He specifically mentioned that ETH-based fund management companies - those holding Ethereum as part of their balance sheet - are trading below their potential value. “If you believe in the utility and long-term growth of Ethereum, then now is the time,” he noted.

A Signal for a Larger Market? The fact that Standard Chartered supports Ethereum is not new, but such comments from large banking institutions continue to bolster the credibility of cryptocurrency assets in traditional finance. Kendrick’s perspective may influence investor sentiment at a time when many are seeking direction after the recent sell-off. If Ethereum rises to $7,500 as predicted, this will be a significant bullish move compared to the current level - potentially proving Kendrick’s belief that ETH is not only undervalued but also a strategic investment.