Standard Chartered Analyst: Buying ETH and Bitmine Before the Weekend Could Be a Good Choice

Odaily News Standard Chartered analyst Geoff Kendrick stated that buying ETH and Bitmine before the weekend could be a good choice. The increase in Ethereum transaction activity and Tom Lee's continuous buying are good omens for this cryptocurrency, which has seen a significant drop from its 2026 highs in recent days. The Ethereum base network's activity has surged dramatically in recent weeks, with transaction numbers hitting record highs, primarily driven by the capacity increase from the Fusaka upgrade in December. Additionally, the macroeconomic environment is playing a positive role, with the rising possibility of BlackRock's Fixed Income Head, Rick Rieder, potentially becoming the next Federal Reserve Chair, all of which are favorable for risk assets. (CoinDesk)