$ETH ๐ Ethereum ($ETH) Forecast โ Citigroup Insights ๐
๐ Bullish: $6,400 by year-end
โ Base Case: $4,300 by year-end
๐ Bearish: $2,200 by year-end
๐ Key Takeaways:
โข ๐ Network Activity Drives ETH Value, but much of the growth is shifting to Layer 2 โก๏ธ raising questions about the base layer's long-term strength.
โข ๐ก Only 30% of L2 activity impacts ETHโs price, says the bank.
โข ๐ Ethereumโs support comes from tokenization, stablecoins, and ETF inflows.
โข ๐ ETF inflows for ETH are smaller than BTCโs, but more efficient per dollar ๐ตโthough constrained by ETHโs lower market cap and recognition.
โก Stay informed. Trade smart. Watch ETH closely as the crypto landscape evolves!
