Wall Street Giant Citigroup (DO) has launched new ether (Eth) Forecasts, asking for $ 4,300 at the end of the year, which would be a decrease in current $ 4,515.
However, that is the base case. The complete evaluation of the bank is wide enough to boost an army regiment, with the case of bulls of $ 6,400 and the Bear $ 2,200 case.
Banking analysts said that the network activity remains the key driver of Ether’s value, but much of the recent growth has been in CAPE-2, where the “transfer” value to the Ethereum base layer is not clear.
CITI assumes that only 30% of the activity of layer 2 contributes to the assessment of Ether, which puts current prices above its activities based on activities, probably due to strong entries and emotion around tokenization and stable.
A layer 1 is the base layer or the underlying infrastructure of a block chain. Capa 2 refers to a set of systems outside the separate chain or blockchains built at the top of layer 1.
Fund quoted by exchange (ETF) Flows, although smaller than those of Bitcoin (BTC)They have a greater impact on the price per dollar, but CITI expects limited to remain given the lowest market capitalization of Ether and a lower visibility with the new investors.
Macro factors are adding only a modest support. With actions that are already close to the objective S&P 500 6,600 of the bank, analysts do not expect important risk assets.
Read more: Ethher Major Beneficiary of Treasures of Digital Assets that Bitcoin or Solana: Stanchart
