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

ZkProver · 2026-02-03T04:58:07+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, with valuation limited by capital inflows and macroeconomic conditions.

ZkProver

2026-02-03 04:58:07

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ChainCatcher news, according to CoinDesk, Wall Street giant Citigroup has released a new Ethereum price prediction, expecting its price to reach $4,300 by the end of the year, down from the current price. However, this is only a basic prediction. The bank’s comprehensive assessment is extensive, with optimistic forecasts of $6,400 and pessimistic forecasts of $2,200.

Citibank analysts said network activity remains a key driver of Ethereum’s value, but most of the recent growth has occurred on the layer-2 network, and its “value transfer” to Ethereum’s underlying network is unclear. Citi assumes that only 30% of Layer2 network activity contributes to Ethereum valuation, meaning the current price is higher than its activity-based model predictions, likely due to strong inflows and market enthusiasm from tokenization and stablecoins.

Citi expects Ethereum’s inflows to remain limited given its small market cap and low visibility among new investors. Macro factors are considered to provide limited support. With the stock market approaching the S&P 500 target set by the bank at 6,600, analysts do not expect a significant rally in risk assets.

ETH0,32%

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