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Ethereum Target Raised by Citi to $3,028 Amid Strong Crypto Activity

Guavy AI Editorial Team
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Citi has raised its 12-month Ethereum target to $3,028 from $2,240, according to Reuters.

This is a significant increase for the smart contracts token, which is currently trading above $2,600.

The bank highlighted strong crypto activity and a positive macroeconomic environment as factors supporting Ethereum's outlook.

Citi also noted that inflows into spot Exchange-Traded Funds (ETFs) are expected to resume, with $5 billion in projected inflows over the next 12 months.

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