Despite a sharp correction that sent Ethereum (ETH) below its weekend peak of $4,900, analysts remain optimistic about the cryptocurrency’s long-term prospects. Standard Chartered analyst Geoffrey Kendrick has argued that this recent dip presents a buying opportunity for investors, as ETH has been validated by significant institutional buying, even exceeding its historical peak of $7,500 target by 2025. 4.9% of circulating ETH has been purchased by companies and ETFs since June, according to Kendrick, fueling the price surge before retracting slightly this week. While acknowledging the short-term dip, Kendrick sees Ethereum’s future potential and argues that it remains undervalued, with a higher potential for growth than other cryptocurrency assets like Bitcoin. He also believes that ETH treasury companies are more attractive investments compared to spot Ethereum ETFs. This content is not investment advice.