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 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 o...