Standard Chartered Bank recommends monitoring Ethereum and Bitmine stocks before the weekend

Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that although Ethereum has recently experienced a significant decline like other cryptocurrencies, network trading volume has reached a historic high after the Fusaka upgrade in December. This upgrade has eased capacity bottlenecks and driven on chain activity growth. Meanwhile, Bitmine, the largest enterprise holder of ETH, continues to buy Ethereum. In addition, the easing of tariff risks in Greenland, the rebound of the Japanese bond market, and the increasing expectation of Rick Rieder, fixed income head of BlackRock, becoming the chairman of the Federal Reserve, all contribute positively to risk assets. He believes that going long on Ethereum and Bitmine (BMNR) before the weekend has a good risk return ratio.