Standard Chartered recommends buying ETH ahead of weekend

Geoff Kendrick, an analyst at global investment bank Standard Chartered, has recommended buying Ethereum ahead of the weekend. In a recent report, he noted that Ethereum network transactions have reached an all-time high following the Pectra upgrade. Kendrick analyzed that this has resolved previous bottlenecks caused by capacity shortages and is revitalizing on-chain activity. He added that continued Ethereum purchases by Nasdaq-listed Bitmain and the prospect of BlackRock CIO Rick Rieder becoming the next U.S. Federal Reserve Chair are also optimistic signals for the market.