Ethereum Could Hit $6,400 in Bull Case, Says Citigroup

Ethereum, the second-largest cryptocurrency by market cap, is now gaining immense attention and traction. With soaring institutional demand and interest, banking giant Citigroup has adjusted its prediction about ETH, adding another bullish case for the asset. Per the bank, Ethereum may surge and sit at $6400 if macro elements, including inflows towards ETH ETFs and its institutional demands, continue to inflate over time.

Also Read: PayPal Integrates Bitcoin, Ethereum into Peer-to-Peer Payments

Citi Group’s New Forecast About Ethereum

Ethereum STATS
Source: Pixabay

Citigroup has forecasted a new prediction about ETH this year. Per the firm, Ethereum is all set to soar and hit $6400 by year-end, provided it continues to leverage the current market momentum and pace. The Wall Street giant later shared how the network activity is set to play a major role in determining the value of the asset.

“Current prices are above activity estimates, potentially driven by recent buying pressure and excitement over use cases.” Citi said in a note dated Monday.

Discussing in depth about ETH’s value, the institution believes the token’s value depends heavily on users’ usage and activity. For instance, Ethereum’s value shines through its smart contract capabilities and trading and lending elements, which may play a pivotal role in streamlining its role as a solid crypto. The institution further added how, in a base case scenario, ETH may hit $4300 by year-end.

Citi Group further shared a bearish case scenario for the asset, adding how ETH may also fall to $2200 if its usage and activity decline to new lows.

Ethereum October Forecast

According to CoinCodex ETH data, the token may soar to hit a new high of 11% by mid-October 2025.

ETH STATS
Source: CoinCodex

“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 11.41% and reach $5,044.50 by October 17, 2025. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 53 (neutral). Ethereum recorded 13/30 (43%) green days with 3.35% price volatility over the last 30 days.”

Also Read: SHIB Could Hit $0.001 If Ethereum Breaks $10K, Analyst Says

  • Citigroup
  • Ethereum price
  • Ethereum Price Prediction

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