Wall Street Giants City Group (c) New ether has been released (eth) The forecast calls for $4,300 per year end. This is down from the current $4,515.
That’s the basic case. The full bank rating is wide enough to propel the Army Regiment, with bull incidents at $6,400 and bear incidents at $2,200.
Bank analysts said the network’s activities remain an important driver of etheric values, but much of the recent growth is in Layer 2, with the “pass-through” to Ethereum’s basic layer unclear.
Citi assumes that 30% of Layer 2 activity contributes to the ether valuation, exceeding current prices over the activity-based model.
Layer 1 networks are the underlying infrastructure of the basic layer or blockchain. Layer 2 refers to a series of off-chain systems or individual blockchains built on top of Layer 1.
Funds traded on exchanges (ETF) Flow is smaller than Bitcoin (BTC)which will have a greater impact on price per dollar, but Citi expects it to remain limited given the small market capitalization of the ether and low visibility with new investors.
We see macro factors adding only modest support. With the stock already near the bank’s S&P 500 6,600 target, analysts do not expect any major benefits from risky assets.
read more: Ether of large companies in the Ministry of Digital Assets Treasury than Bitcoin and Solana: Stanchart
