Citi Lifts Ethereum Target to $3,028 Amid Market Activity

Citi has raised its twelve-month target for Ethereum from $2,240 to $3,028, an increase of about 35 percent. The new target is a good 11 percent above the current market price of around $2,725.

The bank cites three drivers behind the price increase: lively activity across crypto markets overall, a friendlier macroeconomic environment, and the return of inflows into exchange-traded crypto products, with roughly $5 billion in inflows expected across all crypto products. However, the price action itself argues against the bullish reading, as Ether has been marking time just below $2,700 to $2,750 for days.

The twelve-month horizon is significant for German investors, as it marks the line between taxable and tax-free gains under current law. The Federal Ministry of Finance has a draft bill that would rebuild this system, making crypto gains investment income and applying a flat-rate withholding tax of 25 percent plus the solidarity surcharge, together roughly 26.4 percent.