Citi Raises ETH Target to $3,028 as Ethereum Falls 4% to $2,600
- —ETH fell 4% to $2,599, Bitcoin slipped below $84,000 and XRP neared $1.46
- —Citi lifted its ETH target from $2,240 to $3,028, a 35% increase
- —U.S. spot Ethereum ETFs saw $201.9 million in net outflows, while Bitcoin ETFs drew $118.8 million
- —About 1.5 million ETH is queued to enter staking versus 786,000 ETH waiting to exit
Why it matters: A sustained break below $2,600 could expose $2,500, while reclaiming $2,700 would be the first step toward rebuilding momentum.
Source: Coinpaper