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Standard Chartered’s digital assets research head Geoffrey Kendrick maintains a bullish $7,500 year-end target for Ethereum. He cites growing institutional demand and shrinking exchange liquidity as key drivers. Recent data shows significant ETH movement into corporate treasuries and ETFs, tightening supply.
- Institutional entities have absorbed 7.5% of Ethereum's circulating supply since June through corporate treasuries and ETFs
- Substantial exchange outflows, including $340 million in ETH withdrawn in a single day, indicate reduced near-term selling pressure
- Kendrick's $7,500 target requires continued institutional accumulation and stable macroeconomic conditions to avoid volatility
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Other Tags: Geoffrey Kendrick, Standard Chartered