Citigroup sees Ether falling to $4,300 by year-end, according to the source. The forecast arrives as Ether trades in a tight range and market participants weigh mixed signals. This Citigroup Ether forecast contrasts with other readings of on-chain and fund flow activity.
Wall Street call meets mixed market signals
Citi’s projection puts Ether below recent spot levels by year-end. However, several analyses from mid-September 2025 forecast a bullish trend for Ether, with targets ranging from $7,500 to $10,000 by year-end. As a result, the Citigroup Ether forecast sits at the cautious end of expectations.
Meanwhile, as of September 15, 2025, Ether is trading around $4,500–$4,655. During September 8–12, spot ETFs saw $638 million in net inflows, pushing cumulative ETF inflows beyond $13.3 billion. Therefore, fund flows have remained supportive even as price momentum cools.
On-chain context and seasonal pattern
Conversely, on-chain data from September 12, 2025, showed that nearly 99.68% of Ether’s supply was in profit. Historically, that level has aligned with 8–9% pullbacks. In addition, September has typically been a weak month for ETH with a median return of -12.7% since launch. Thus, the Citigroup Ether forecast arrives amid cautionary seasonal and on-chain signals.
Key factors traders are watching include:
• ETF flows versus price breadth and liquidity.
• Profit-supply concentration and potential mean reversion.
• Year-end targets diverging across institutions and analysts.
For background on asset classifications and benchmarks, see Ethereum on Wikipedia. Always consider multiple sources, as projections can change with new data.
For a primer on fiat-pegged tokens that intersect with ETH liquidity, read our guide on how stablecoins work.