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Citi raises Bitcoin target to $113K and lifts Ethereum forecast amid stronger crypto activity and ETF demand.

Market News
01 Oct 2026
Coinpaper
View Source
Bullish
Citi raises Bitcoin target to $113K and lifts Ethereum forecast amid stronger crypto activity and ETF demand.

Citi has increased its Bitcoin price target from $82,000 to $113,000, reflecting improved market conditions driven by stronger crypto activity and renewed ETF demand. For Ethereum (ETH), Citi raised its forecast by 35%, noting that ETH faces resistance around $2,800, a key level to break for a move toward $3,000. Despite volatile ETF flows, institutional demand remains supportive, and with about 35% of ETH staked, reduced liquid supply could amplify price moves. The outlook suggests potential for further gains if ETH can sustain a breakout above resistance levels.

Following Citi's bullish forecast for Ethereum, ETH trades at Rp48.566.786 on Pluang as of Oct 01, 2026 18:51 WIB, showing a modest 0.65% gain in the last day. Bitcoin also edges higher with a 0.48% increase, priced at Rp1.509.677.722. Despite the positive outlook, Pluang order activity reveals more selling interest in ETH at 71% sell versus 29% buy, while BTC sees stronger buying at 63%.

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