Citibank: Ethereum Expected to Fall to $4300 by Year-End Under Neutral Scenario

BlockBeats News, September 16th: Citibank has released its latest forecast, predicting that under a neutral assumption, ETH is expected to fall to $4300 by the end of the year, a slight retreat from the current price of $4515.

Citi also provided range forecasts: in a bull market scenario, it could rise to $6400, while in a bear market scenario, it could fall to $2200. Citi analysts stated that network activity remains a core driver of Ethereum's value, but most of the recent growth has come from layer-two networks, with only about 30% being transmitted to the main network, leading to the current price being above the level predicted by activity-based models. (CoinDesk)