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Citibank: Ethereum will fall to $4,300 by the end of the year under neutral assumption

Source: BlockBeats
According to BlockBeats, on September 16, Citibank released its latest forecast, and under the neutral assumption, ETH is expected to fall to $4,300 by the end of the year, a decline from the current price of $4,515. Citi also provides a range forecast: it can rise to $6,400 in a bull market situation, and it may fall to $2,200 in a bear market situation. Citi analysts say online activity remains the core driver of Ethereum’s value, but most of the recent growth comes from layer two networks, with only about 30% transmitted to the main network, resulting in current prices higher than the activity-based model level. (CoinDesk)
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