TechFlow news, August 26 — According to CoinDesk, Geoff Kendrick, Standard Chartered's global head of digital asset research, said that Ethereum (ETH) and its treasury corporations are currently undervalued. Since early June, Ethereum treasury corporations and ETH ETFs have collectively purchased 4.9% of the circulating supply of ETH, with treasury corporations buying 2.6% and ETFs acquiring 2.3%.
Despite recent price corrections in ETH, Kendrick maintains his year-end target price forecast of $7,500 and believes the current price below $4,500 represents a favorable entry point.
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