Ethereum Price Could Plummet to $4,300 by Year-End - Citigroup Issues Stark Warning

Wall Street giant Citigroup just dropped a bombshell prediction that's sending shockwaves through crypto markets.

Ethereum's Rough Ride Ahead

The banking behemoth forecasts ETH could nosedive to $4,300 before December wraps—a projection that's got traders scrambling to reassess their positions. Citigroup's analysis points to mounting regulatory pressure and shifting institutional sentiment as key drivers behind this potential downturn.

Market Realities Bite

While crypto evangelists keep chanting 'number go up,' traditional finance heavyweights clearly aren't drinking the Kool-Aid. The prediction underscores the growing divergence between crypto maximalist optimism and institutional pragmatism—because nothing says 'healthy market' like a 25% haircut from current levels.

Timing the Bottom

If Citigroup's crystal ball proves accurate, we're looking at a textbook buy-the-dip scenario—or another glorious opportunity for Wall Street to profit from retail panic. Either way, it's business as usual in the wild west of digital assets.

Ethereum price key technical points

• Critical Support at $4,470: Acts as a bullish retest of prior resistance with multiple rejections before being reclaimed.
• Next Major Support at $4,300: Technical confluence with the range point of control, value area low, and 0.618 Fibonacci retracement.
• Citigroup Bearish Forecast: Citigroup projects Ethereum could fall to $4,300 by year’s end, citing weakening base-layer activity relative to Layer 2 networks.

Ethereum’s battle at $4,470 underscores its importance. This level previously acted as a ceiling for price, rejecting attempts to push higher, until bulls finally reclaimed it. Now serving as a point of control (POC), it represents a zone of heavy volume and trading interest.

Ethereum ETFs have regained positive momentum, attracting new capital as investors refocus on the asset’s stable performance. Such levels often act as magnets, pulling price back repeatedly until a decisive move is made. If buyers continue to respect this region, Ethereum could build a bullish base that propels it back toward its highs.

Ethereum’s battle at $4,470 underscores its importance. This level previously acted as a ceiling for the price, rejecting attempts to push higher until bulls finally reclaimed it. Now serving as a point of control (POC), it represents a zone of heavy volume and trading interest.

However, the bearish setup becomes more probable if the price closes below $4,470. A breakdown WOULD open the door to $4,300, an area rich with technical support, including the range POC, value area low, and the golden 0.618 Fibonacci level.

Citigroup’s forecast has drawn significant attention because it aligns with this bearish technical backdrop. The bank expects Ethereum to fall to $4,300 by the end of the year, highlighting a broader range that includes a bullish case at $6,400 and a bearish case as DEEP as $2,200.

Importantly, Citigroup points to Ethereum’s weakening activity on its base layer, noting that only 30% of network usage currently flows through Ethereum itself, with the majority shifting to layer-2 solutions. This structural change, the analysts argue, leaves Ethereum’s price trading above model estimates and increases the probability of a correction if key supports are lost.

What to expect in the coming price action

Ethereum remains at a crossroads. If $4,470 holds, the bullish case stays intact, with a push higher back toward the yearly highs still within reach. Conversely, a decisive close below this level would validate Citigroup’s bearish call, exposing the price to the $4,300 region where strong technical confluence awaits.