Citigroup's divergent predictions for Ethereum

Citigroup analysts stated that they expect the price of Ethereum to decline.

It could reach around $4,300 before the end of the year.

If the currency continues to decline, which is a likely scenario,

the currency could continue its losses, reaching $2,200.

This is the worst-case scenario predicted by Citigroup analysts.

They also stated that if the currency rises, it could reach $6,000.

This is the expected scenario if the currency rebounds.

Technical Analysis

Ethereum is currently trading at $4,430.

It is expected to continue its decline to test the demand areas

 from which it previously rose,

which are located at $4,350. We may see another rise from there.

So far, the movement strongly indicates accumulation,

and the movement remains positive.

Despite the current correction, we are therefore expected 

to see another rise in the currency.

Technically, in the event of a resurgence, it is targeting the $46,400 levels.

These are important resistance levels. If the rise continues, the closest target is $4,900.