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Ethereum ($ETH ) is trading around $2,758. The market is experiencing short-term pressure, but major financial institutions and technical analysis point to a potential rebound and moderate growth in the medium term. Citi forecast: The largest bank raised its Ethereum target price to $3,028. Analysts expect a new wave of capital inflows through spot crypto ETFs. At the same time, Citi notes high volatility in ETH due to the difficulty of assessing the impact of Layer-2 networks. Closure of the Blast Layer-2 network: The Blast Layer-2 network has announced that it will stop operating this month. This triggered a temporary outflow of assets and created local pressure on the price $ETH , dropping it by 1.6% in the short term.
Technology updates: In the main Ethereum network, zkAPI has been launched, enabling confidential payments for AI and API services using ETH or USDC via zero-knowledge proofs $ETH
Ethereum ($ETH ) is trading around $2,758. The market is experiencing short-term pressure, but major financial institutions and technical analysis point to a potential rebound and moderate growth in the medium term. Citi forecast: The largest bank raised its Ethereum target price to $3,028. Analysts expect a new wave of capital inflows through spot crypto ETFs. At the same time, Citi notes high volatility in ETH due to the difficulty of assessing the impact of Layer-2 networks. Closure of the Blast Layer-2 network: The Blast Layer-2 network has announced that it will stop operating this month. This triggered a temporary outflow of assets and created local pressure on the price $ETH , dropping it by 1.6% in the short term.
Technology updates: In the main Ethereum network, zkAPI has been launched, enabling confidential payments for AI and API services using ETH or USDC via zero-knowledge proofs $ETH
