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Standard Chartered Bank: Ethereum Poised to Break Above $4,000 in Treasury Purchase Trend
BlockBeats News, July 29th, Standard Chartered Bank's Head of Digital Asset Research, Geoff Kendrick, stated that as cryptocurrency treasury companies continue to buy Ethereum, Ethereum is expected to see further gains. Cryptocurrency treasury companies, which are publicly-listed companies holding digital assets on their balance sheets, have begun to incorporate Ethereum into their asset allocations, and the institutional buying of Ethereum has even surpassed that of Bitcoin.
He mentioned that due to the ongoing restrictions on cryptocurrency asset investments in many jurisdictions, investors are increasingly turning to alternative channels such as public companies for allocation. "If the inflow of funds can continue, Ethereum is expected to break through the key level of $4000 (our current end-of-2025 price prediction)." (Kryptonian)
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