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Citigroup raised its Ether target on favorable economic conditions

By The Likely · Updated Oct 2, 6:59 AM ET · Drawn from 2 sources · Written by AI, checked against sources

Citigroup raised its 12-month Ether target to $3,028 from $2,240 on October 1. The bank cited renewed fund inflows and favorable economic conditions.

How we got here

  1. The Ethereum Foundation scheduled a Glamsterdam activation on the Sepolia testnet, leaving Hoodi and mainnet schedules undecided. Ethereum
  2. Citigroup raised its twelve-month Ether target to $3,028, citing renewed ETF inflows and favorable economic conditions. Coindesk

What's likely next

  1. Glamsterdam was scheduled to activate on Ethereum’s Sepolia testnet; the announcement did not set a mainnet activation date.

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