Crypto
Citibank Raises Price Targets for Bitcoin and Ether to $113,000 and $3,028
Citibank has increased its 12-month price targets for Bitcoin and Ether, citing favorable market conditions and renewed ETF inflows.
The banking giant predicts Bitcoin will reach $113,000, a 38% increase from its previous forecast of $82,000, while Ether is expected to hit $3,028, a 36% jump from $2,240.
Citibank attributes the price targets to a favorable activity across the broader crypto market, as well as the macroeconomic conditions turning favorable.
ETH has outperformed BTC across multiple timeframes, showing broader strength, according to AskClash.
Ethereum analyst CW noted that Ethereum's bullish trend remains intact, with the key Point of Control (POC) level at $2,680 continuing to provide strong support.