Ethereum traded near $2,100 as Bankless co-founder David Hoffman exited his remaining holdings, while Citi lowered its 12-month ETH price target to $3,175 from $4,304.
Bankless co-founder David Hoffman sold his remaining Ethereum as the cryptocurrency traded near $2,100, marking a notable personal exit during a period of price weakness. The move came with ETH well below its previous peak of $4,946 last August. Separately, Citi reduced its 12-month Ethereum price target to $3,175 from $4,304 earlier this year, reflecting a more cautious outlook. The combination of an industry figure’s sale and a lower bank forecast highlights pressure on market sentiment around Ethereum.