Ethereum Dip Presents Buying Opportunity for Institutions, Says Standard Chartered

Ethereum’s recent price dip has been viewed by Standard Chartered as a potential buying opportunity. The cryptocurrency, which briefly hit a new all-time high of $4,953 on Sunday, saw a decline of 0.64% in the past 24 hours, while Bitcoin experienced a more significant drop of 1.47%. The broader crypto market also saw a decrease in its total value, falling to $3.84 trillion after losing 0.89%. However, Standard Chartered believes this decline presents a unique chance for investors, according to a research note released Tuesday.