Citibank: Ethereum Expected to Drop to $4,300 by Year-End Under Neutral Assumptions

BlockBeats News, September 16, Citibank released its latest forecast, predicting that under neutral assumptions, ETH will drop to $4,300 by year-end, a slight decline from the current price of $4,515. Citibank also provided a range forecast: in a bullish scenario, it could rise to $6,400, while in a bearish scenario, it might fall to $2,200. Citibank analysts stated that network activity remains the core driver of Ethereum's value, but most recent growth has come from Layer 2 networks, with only about 30% being transmitted to the mainnet, resulting in the current price being higher than the level suggested by activity-based models. (CoinDesk)