Tom Lee, the newly appointed chairman of BitMine, stated that Standard Chartered Bank's revised year-end Ethereum price forecast of $7,500 may underestimate its true value. He stated that based on the fundamentals of the Ethereum network, the reasonable price of ETH should be around $15,000, compared to the current price of around $3,700.

Previous news: Standard Chartered Bank raised its year-end Ethereum price forecast to $7,500 .