Citi Predicts Ethereum Year-End Price Target of $4,300

Ethereum (ETH) is currently in a consolidation phase, trading between $4,200 and $4,700 after reaching an ATH last August. This reflects a broader market stagnation with cryptocurrencies like Bitcoin also struggling to recover previous highs.

Citigroup forecasts a year-end price target of $4,300 for Ethereum, citing demand from Ethereum-based applications such as stablecoins and tokenization.
The bank suggests current price levels may be driven more by market sentiment than fundamentals, noting recent buying pressure.
Citigroup predicts that ETF inflows into Ethereum will be less robust compared to Bitcoin.
Standard Chartered revised its year-end target for Ethereum upward to $7,500, citing increased corporate investments and industry engagement.

Market Scenarios

Citigroup's optimistic scenario sees ETH potentially reaching $6,400 if adoption of Ethereum-based applications rises, indicating a 42% uptrend.
A bearish scenario could see ETH dropping to $2,200 during a macroeconomic downturn, representing a 50% decline from current levels.

A report from Sygnum highlights Ethereum's upgrades and institutional interest as key factors for future growth. Reducing liquid reserves on exchanges could lead to a supply squeeze, potentially driving prices higher.

Currently, ETH is trading at $4,480, a 5% increase over the past week but still 10% below its all-time high.

Ethereum