Is Ethereum a Good Buy Right Now? Experts Weigh in

Even though Ethereum’s price is close to record highs, analysts point out that the market is still underestimating Ethereum. According to Standard Chartered’s Geoffrey Kendrick, treasury firms focused on Ethereum and spot ETFs have absorbed nearly 5% of circulating supply since June. Aggressive momentum buying pushed ETH to a new all-time high of $4,955 on August 24 before correcting again.

Kendrick observed that companies such as BitMine Immersion – which alone is gunning for 5% of total ETH supply – is creating structural demand to drive valuations higher. Although the price is high right now, he thinks the accumulation phase is a good entry point for long term investors. Retail traders looking for speedier momentum are now hearing about newer tokens like MAGACOIN FINANCE which offer a whole different growth profile.

NAV discounts and buyback strategies

Kendrick argues that the treasuries of Ethereum are cheaper than similar ones focusing on Bitcoin. According to him, both SharpLink Gaming (SBET) and BitMine Immersion (BMNR) are at a net asset value (NAV) discount to MicroStrategy’s Bitcoin balance sheet. He stated that another difference is that ETH treasuries enjoy Ethereum’s staking yield at an approximate rate of 3%.  SharpLink has also promised to repurchase shares should its NAV multiple fall below 1.0, thus effectively setting a “hard floor” under its stock. Kendrick stated that staking and DeFi participation make Ethereum treasuries more attractive than spot ETFs, which don’t have these features. 

As ETH lures consumers, retail investors also looking to capitalise on outsized gains.  The rise of tokens like MAGACOIN FINANCE, unlike Ethereum’s institutional appeal, stems from that hunt.  MAGACOIN is not built on corporate balance sheets but on scarcity, community, and cultural momentum. The presale stages sold out in record time showing a huge demand.  According to the most recent prediction models, the early investors may gain a profit of up to 55x. That is, if the project continues to grow as so far. For investors balancing traditional and breakout plays, MAGACOIN FINANCE is a bold counterweight.

Price targets and broader outlook

Kendrick remains firmly bullish on Ethereum itself. He keeps his year-end target at $7,500, while he sees ETH at $25,000 by 2028. As ETH trades just under $4,530, he has called the latest correction “a great entry point” for builders. This statement is showing a bullish sentiment towards the crypto market as a whole including bitcoin. Optimism extends to the whole crypto market. Bitcoin is expected to reach $200,000 by year-end and $500,000 by 2028. BNB, Avalanche and XRP are also expected to post considerable gains in the next cycle. Maybe the most striking will be stablecoins which could see total supply at $2 trillion in four years with tokenization spreading globally.

Conclusion

Ethereum remains one of the most appealing assets in the cryptocurrency space. This appeal is the result of institutional accumulation, staking yield and targets by top analysts. In terms of demonstrating long-term stability with upside potential, there have been some notable cases for ETH. However, the market also rewards those who deviate from the path into new plays. MAGACOIN FINANCE is a potential altcoin season winner with 55x projections and surging presale demand. By 2025, a well-balanced portfolio will either be heavily weighted towards Ethereum or comprise a diverse mix of emerging projects. 

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