Ethereum Could Hit $6,400 in Bull Case, Says Citigroup - Here’s Why It Might Actually Happen

Wall Street's crystal ball just got a crypto upgrade. Citigroup analysts are painting a bullish picture for Ethereum, projecting a potential surge to $6,400 in their most optimistic scenario.

The Fundamentals Behind the Frenzy

Ethereum's network upgrades and growing institutional adoption are fueling this ambitious price target. The shift to proof-of-stake continues cutting energy consumption while boosting transaction efficiency—traditional finance could learn a thing or two about actual utility.

Market Momentum Building

Institutional players keep piling into ETH products, bypassing traditional investment vehicles for crypto-native opportunities. The $6,400 target represents nearly triple today's valuation—because why settle for modest gains when you can dream big?

Of course, Citigroup's analysts probably just want those sweet crypto consulting fees. But hey, even broken clocks are right twice a day—especially when they're telling you what you want to hear about your digital asset portfolio.

Citi Group’s New Forecast About Ethereum

Citigroup has forecasted a new prediction about ETH this year. Per the firm, ethereum is all set to soar and hit $6400 by year-end, provided it continues to leverage the current market momentum and pace. The Wall Street giant later shared how the network activity is set to play a major role in determining the value of the asset.

Citi said in a note dated Monday.

Discussing in depth about ETH’s value, the institution believes the token’s value depends heavily on users’ usage and activity. For instance, Ethereum’s value shines through its smart contract capabilities and trading and lending elements, which may play a pivotal role in streamlining its role as a solid crypto. The institution further added how, in a base case scenario, ETH may hit $4300 by year-end.

Citi Group further shared a bearish case scenario for the asset, adding how ETH may also fall to $2200 if its usage and activity decline to new lows.

Ethereum October Forecast

According to CoinCodex ETH data, the token may soar to hit a new high of 11% by mid-October 2025.