Citi Lifts Ethereum Forecast 35% as Market Conditions Improve

Citi has upgraded its Ethereum price forecast by 35%, citing stronger market activity and improving macro conditions. The bank also increased its Bitcoin target to $113,000 from $82,000.

Ethereum's immediate challenge is breaking above the $2,800 resistance level, which it has repeatedly failed to do in recent weeks.

The $2,800 ceiling represents a crucial barrier for Ethereum, with Citi's $3,028 target within reach if price can sustain a breakout.

ETF demand remains volatile, with strong inflows earlier this month followed by net outflows last week. This volatility may explain why positive ETF flows have not yet led to an ETH breakout.