Ethereum bulls challenge Citi's $43,000 year-end forecast - who is right?

Ethereum’s on-chain data is in stark contrast to Citigroup’s conservative $4,300 end-year target, as ETH trades close to $4,542 and sends a bullish signal. The rise was further driven by short liquidation of $9 million while the long liquidation reached $6 million. A positive financing rate of 0.005% indicates that long positions continue to exist. The key liquidation range of $4,500 to $4,700 may determine the next breakout for ETH, which could challenge $6,000 if the bullish trend continues.