The Ethereum 2025 price forecast in CoinDesk’s quarterly crypto outlook suggests $4,400 benchmarks, factoring in ETH burn rate post-EIP-1559 which reduces net issuance and supports scarcity-driven price lifts. In a new note to clients, Citi projects that Bitcoin will end the year at $132,000. This marks a modest revision from a research note in July 2025, which had placed the year-end target at $135,000. According to Reuters, the bank’s 12-month target for Bitcoin remains ambitious at $181,000. For Ether, the forecast has been raised to $4,500 by the end of 2025, with a 12-month target of $5,440. Despite its strengths, Ethereum faces several risks. High competition from other Layer-1 chains like Solana , Avalanche and newer modular blockchains could deter developers and users if Ethereum fails to scale quickly or keep fees low. Regulatory challenges around staking services or token classifications could also create barriers to institutional adoption. Ethereum 2025 price forecast models incorporating ETH/BTC ratio predict ETH could outperform Bitcoin by 15% in