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

ZkProver · 2026-04-05T11:02:27+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

2026-04-05 11:02:27

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ChainCatcher message, according to CoinDesk, that Wall Street giant Citigroup has released a new Ethereum price forecast, expecting that by year-end its price will reach $4,300, which would represent a decline from the current price. However, this is only the base-case scenario. The bank’s comprehensive assessment covers a very 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 remains 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 Layer 1 network is still unclear. Citigroup assumes that only 30% of Layer 2 network activity contributes to Ethereum’s valuation, meaning the current price is higher than what its activity-based model predicts. This may 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, its capital inflows will remain limited. Macroeconomic factors are believed to provide only limited support. With the stock market nearing the bank’s target for the S&P 500 index of 6,600 points, analysts expect risk assets will not see a substantial rise.

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