Ethereum price prediction: Citi raises its twelve-month target to $3,028, and what you can do now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Citi has raised its twelve-month target for Ethereum from $2,240 to $3,028. Anyone following that horizon also decides the tax on the gain with the purchase date.Citi raised its twelve-month price target for Ethereum on October 1 from $2,240 to $3,028, an increase of a good 35 percent. Ethereum is trading at around $2,725 on Friday afternoon, so just under 11 percent is missing to that target. For you as an investor in Germany, however, more hangs on the twelve-month horizon than the price question. It ends in October 2027, and until then the purchase date alone decides whether a gain stays tax free or is charged at a good 26 percent. Citi raises the ETH price target by 35 percent to $3,028 A price target is the estimate of a bank or a research house as to where a price should stand after a set period, usually after twelve months. It is an expectation and not a promise, and it is revised continuously. Citi moved two targets up at once on October 1. For Bitcoin the twelve-month e...