Citigroup Projects Ethereum at $4,300 by Year-End

With a bull case of $6,400 and a bear case of $2,200, Citigroup predicts that ETH will drop to $4,300 by the end of the year (from the current $4,515). According to analysts, Layer-2s are responsible for the majority of recent increase, with only 30% of that growth reaching Ethereum’s foundation Layer, leaving prices higher than model projections.