Catenaa, Saturday, September 20- Citigroup projected a year-end price of $4,300 for ether, the second-largest cryptocurrency, citing rising investor interest and expanding use cases such as stablecoins and tokenization.
The target remains below ether’s record high of $4,955.14 reached last month.
Citi noted that recent price gains appear sentiment-driven, fueled by buying pressure and excitement around Ethereum-based applications.
Ether’s staking functionality, allowing holders to earn yields by supporting the Ethereum network, makes it a preferred token for companies seeking active returns.
Citi expects exchange-traded fund flows into ether to be smaller than bitcoin, limiting some demand.
Standard Chartered recently raised its ether target to $7,500 from $4,000, citing increased corporate holdings and industry engagement, predicting the stablecoin sector could expand eightfold by 2028.
Citi outlined a bull case of $6,400 if Ethereum adoption grows further, and a bear case of $2,200 in the event of macroeconomic weakness or declining equity markets.
Investors are watching ether closely as institutional and retail interest continues to rise, highlighting the growing role of Ethereum in decentralized finance and enterprise applications.
