{"id":28573,"date":"2025-08-27T12:15:02","date_gmt":"2025-08-27T09:15:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=28573"},"modified":"2025-08-27T12:16:48","modified_gmt":"2025-08-27T09:16:48","slug":"standard-chartered-labels-ethereum-as-undervalued","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-labels-ethereum-as-undervalued\/","title":{"rendered":"Standard Chartered Labels Ethereum as ‘Undervalued’"},"content":{"rendered":"

The second-largest cryptocurrency by market capitalization and the companies holding it are undervalued, according to Jeffrey Kendrick, head of digital asset research at Standard Chartered, as reported by The Block<\/a>.\u00a0<\/p>\n

Since June, corporate treasuries and spot Ethereum ETFs have absorbed 4.9% of the total coin supply. This has pushed the crypto asset towards reaching<\/a> its all-time high of $4955.<\/p>\n

However, valuations of companies like SharpLink Gaming and BitMine Immersion have fallen below the Strategy’s NAV<\/span> multiplier.<\/p>\n

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“Given that firms with Ethereum reserves can earn a 3% yield from staking, I see no reason why their NAV multipliers should be lower than MSTR (which does not earn such income),” Kendrick stated.<\/p>\n<\/blockquote>\n

Last week, SharpLink even announced that if its net asset value falls below a 1:1 ratio, the company will start buying back its shares. This would create a “floor” below which the price will not fall.\u00a0<\/p>\n

Ethereum Forecast<\/h2>\n

The Standard Chartered analyst maintains a price forecast for Ether<\/a> at $7,500 by the end of 2025 and $25,000 by 2028. He described the recent correction as an “excellent entry point.”\u00a0<\/p>\n

Traders are also optimistic: on the prediction platform Myriad, they estimate the probability of reaching $5000 in the next four months at about 74%.\u00a0<\/p>\n

\"Standard
Source: Myriad<\/a>.\u00a0<\/figcaption><\/figure>\n

As noted by Decrypt<\/a>, technical indicators also support a positive outlook:\u00a0<\/p>\n