Could Ethereum Drop to $2,200? Citigroup’s Latest Analysis and Price Forecast Explained

Jakarta, Pintu News – Wall Street giant Citigroup shares a pessimistic scenario for Ethereum, predicting that the price of Ethereum (ETH) could drop to $2,200 by the end of the year.

This prediction contradicts the current ETH price above $4,500, as well as the expectation of an altcoin season that is boosting investor sentiment towards ETH and other top altcoins.

Citigroup predicts ETH price could fall by year-end

Citigroup released its latest price projections for Ethereum ahead of a potential crypto market recovery, along with expectations of a resumption of interest rate cuts by the Fed this week. The Wall Street giant expects ETH prices to risk falling to $4,300 by the end of the year.

Read also: Solana Poised for Major Rally, Says Crypto Analyst, as SOL AUM Reaches Record $4.1 Billion

In its comprehensive analysis, Citigroup also presented two extreme price scenarios:

• The most optimistic (bullish) scenario: ETH could rise up to $6,400
• The most pessimistic (bearish) scenario: ETH could plummet to $2,200

According to analysts, network activity is still the main factor determining Ethereum’s value. Despite strong growth on the Layer-2 network, low value transfer to the main network (Layer-1) keeps ETH’s price increase potential limited.

Citigroup estimates that only about 30% of Layer-2 activity actually impacts Ethereum’s valuation.

In addition, Citigroup also highlighted Ethereum’s relatively small market capitalization and lack of recognition among new investors as additional reasons that could pressure ETH prices until the end of the year.

On the other hand, for its optimistic scenario, Citigroup bases its projections on capital inflows into spot Ethereum ETFs, as well as increased market activity driven by asset tokenization and stablecoin usage.

Macroeconomic factors are also considered to have made a moderate contribution to the rise in ETH prices that have surpassed $4,500.

Rise of Companies with Ethereum in Treasury Drives ETH Price

Despite bearish predictions, companies that hold Ethereum in their treasuries are now one of the main drivers of ETH price gains. According to Strategic ETH Reserve data, total strategic Ethereum reserves have increased to 4.99 million ETH worth over $22.6 billion.

Read also: Bitcoin Price Surges to $116,000 Today — Is the Bullish Flag Pointing to $122,000 Next?

Furthermore, Standard Chartered considers that Ethereum is likely to benefit more from digital asset treasury activities compared to Bitcoin or Solana, which also reinforces the optimistic ETH price projections.

The Bitmine Immersion company, backed by Tom Lee, recently added 82,000 ETH to its Ethereum holdings, bringing the total to 2.1 million ETH with a value of over $10.8 billion.

Tom Lee predicts a supercycle for Ethereum and ETH prices, driven by increased demand from Wall Street and the convergence of artificial intelligence and crypto.

The Bitmine chairman also highlighted a prediction from Mark Newton (Fundstrat), who expects ETH prices to rise to $5,500 by mid-October. But in the short term, Newton expects ETH price movements to be volatile, with a possible drop to $4,418 or $4,375 by the end of this week.

Currently, ETH price is moving sideways in the last 24 hours and is trading around $4,511. The daily low and high are at $4,469 and $4,542 respectively. Trading volume has decreased by about 10%, indicating a slight decrease in interest from traders.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Citigroup Predicts Ethereum Price Crash to $2200 by Year End. Accessed on September 17, 2025
• Coinpedia. Citigroup Predicts Ethereum Could Slip to $4300 Despite Strong Year. Accessed on September 17, 2025