Citi: Ethereum price expected to fall to $4,300 by the end of the year

ZkProver · 2026-04-08T12:38:48+00:00

Citigroup expects Ethereum to reach $4,300 by the end of the year, with an optimistic scenario of $6,400 and a pessimistic scenario of $2,200. Analysts point out that network activity is a key driver of its value, but most of the growth occurs on layer 2 networks, and valuation is limited by capital inflows and macroeconomic conditions.

ZkProver

2026-04-08 12:38:48

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ChainCatcher message, according to CoinDesk, Wall Street giant Citigroup has released a new Ethereum price forecast, expecting that by the end of the year its price will reach $4,300, down from the current level. However, this is only the baseline scenario. The bank’s comprehensive assessment covers a wide range: in the optimistic scenario, the Ethereum price would reach $6,400, while in the pessimistic scenario it would be $2,200.

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 2 networks, and its “value transfer” to Ethereum’s underlying base network remains unclear. Citigroup assumes that only 30% of Layer 2 network activity contributes to Ethereum valuation, which implies the current price is higher than what its activity-based model predicts. This could be due to strong capital inflows and market enthusiasm driven by tokenization and stablecoins.

Citigroup expects that, given Ethereum’s smaller market cap and lower visibility among new investors, capital inflows will remain limited. Macroeconomic factors are believed to provide only limited support. With the stock market already close to the bank’s target for the S&P 500 index at 6,600 points, analysts expect that risk assets will not see a significant increase.

ETH5,73%

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