Standard Chartered Bank: Ethereum reserves held by companies may reach 10% of the total, with prices expected to break $4,000

ChainCatcher news, according to Decrypt, Standard Chartered's head of digital asset research, Geoff Kendrick, pointed out that the Ethereum Reserve Company has purchased 1% of the circulating supply of ETH (worth nearly $9 billion) in the past two months. Predictions indicate that such companies' holdings could grow to 10% of the total supply, pushing the ETH price above $4,000.

Major holding institutions include BitMine ($2 billion) and SharpLink ($1.3 billion). The current ETH price is $3,861.40, with a 24-hour trading volume of $112 billion. Analysts believe that staking yields and DeFi applications are key factors attracting institutional accumulation.