Wall Street Giant Citigroup (C) has launched new ether (Eth) Forecasts calling for $ 4,300 at the end of the year, which would be a decrease from the current $ 4,515.
However, it is the basic case. The bank’s full assessment is wide enough to drive an Army Regiment through the Bull case is $ 6,400 and the Bear case $ 2,200.
Bank analysts said that network activity remains the most important driving force for Ether’s value, but much of the recent growth has been on LAG-2s, where the value “transition” to Ethereum’s base layer is unclear.
CITI assumes only 30% of the Layer-2 activity contributes to Ether’s valuation, which puts current prices over its activity-based model, probably due to strong influx and tension around tokenization and stablecoins.
A layer 1 network is the base layer or the underlying infrastructure in a blockchain. Layer 2 refers to a set of off-chain systems or separate blockchains built on top of layer 1S.
Exchange-Traded Fund (ETF) floating, though less than Bitcoin’s (BTC)Has a greater price impact per Dollar, but Citi expects them to remain limited in the Ether’s smaller market capital and lower visibility with new investors.
Macro factors are seen and added only modest support. With shares already near the bank’s S&P 500 6,600 targets, analysts do not expect larger upside from risk assets.
Read more: Ether larger recipient of digital asset boxes than Bitcoin or Solana: Stanchart
