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Tom Lee: The year-end target price of 7500 USD set by Standard Chartered for Ethereum is "too low".
On August 14, Tom Lee, the newly appointed chairman of the board of BitMine, responded on the X platform to "Standard Chartered Bank has raised its year-end price expectation for Ethereum to $7,500," stating that this target price may be too low. Previously, Tom Lee mentioned that based on the fundamental valuation of the Ethereum network, the reasonable price for ETH is $15,000, while the current price is $3,700.