Citigroup updates Ethereum forecast: in the base case scenario, it will fall to $4300 by the end of the year.

Citigroup Group have updated their forecast, predicting that Ethereum will fall to $4300 by the end of this year in the base case scenario, below the current $4515. However, the bank also predicts that in a bull market scenario, Ethereum will rise to $6400, and in a bear market scenario it will fall to $2200. Citigroup analysts said that network activity is still a key driver of Ethereum's value, but most of the recent growth has occurred on layer two networks, and the "transmission effect" of this value to the Ethereum main chain is still unclear.