CoinVoice has learned that Tom Lee, the newly appointed chairman of the board of BitMine, stated that Standard Chartered Bank has raised its year-end price expectation for Ethereum to a target of $7,500, which he believes undervalues its true worth. He mentioned that based on the fundamental valuation of the Ethereum network, the reasonable price for ETH should be around $15,000, while the current price is about $3,700.

ETH-5.14%
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