Standard Chartered Bank's global head of digital asset research, Geoff Kendrick, has stated that Ethereum and the Ethereum Reserve Company are currently undervalued. Since June, the Ethereum Reserve Company has acquired 2.6% of circulating Ethereum, contributing to a total inflow of 4.9% when combined with ETF investments. Kendrick anticipates that the Ethereum Reserve Company could eventually hold 10% of the circulating supply. Despite recent price declines, Kendrick maintains his year-end Ethereum price target of $7,500, viewing any dip below $4,500 as a buying opportunity. He also highlighted that the Ethereum Reserve Company's valuation is stabilizing, with recent market movements setting a floor for its valuation multiple.