Despite a recent resurgence in prices, Bitcoin (BTC) and Ethereum (ETH), the 
two largest cryptocurrencies by market capitalization, are not expected to 
achieve new all-time highs this year, according to analysts at Citigroup. The 
company significantly revised its forecasts for both cryptocurrencies on 
Tuesday, reflecting concerns about the slow pace of legislative progress in 
the United States, which limits the potential for regulatory catalysts that 
could drive increased demand from institutional investors and exchange-traded 
funds (ETFs). Bitcoin And Ethereum Price Targets Revised Downward In their 
latest update, Citigroup lowered its 12-month price target for Bitcoin from 
$143,000 to $112,000, while Ethereum’s forecast was reduced from $4,304 to 
$3,175. This suggests that, based on current trade prices, Bitcoin is 
predicted to increase by nearly 50% in the remaining months of the year from 
$74,360. Ethereum, on the other hand, would see a nearly 62% increase in price 
from its present level of $2,314 per token over the course of the year. 
Related Reading: Bitcoin Returns To Full Bull Mode: Key Indicators Signal 
Bottom And Major Relief Rally Citi strategist Alex Saunders emphasized that 
while regulatory catalysts are essential for fostering greater adoption and 
inflows into the market, the opportunity for significant US legislative action 
this year is diminishing. The report further highlights that, under a 
recessionary economic climate, Bitcoin could see its price dip to as low as 
$58,000, while Ethereum might fall to around $1,198. Conversely, in a bullish 
scenario driven by heightened demand from end investors, Bitcoin’s price could 
reach $165,000, with Ethereum potentially climbing to $4,488. Tight Timeline 
For Crypto Legislation Progress The upcoming mid-term elections in November 
further complicate the legislative landscape for crypto-focused regulation. 
Should Democrats gain additional seats in Congress, the chances of passing the 
crypto market structure bill (CLARITY Act) could diminish. For the bill to 
advance, support from 7 Senate Democrats is required. Citigroup analysts 
suggest that Bitcoin is likely to trade within a range while awaiting 
developments in the legislative arena, with $70,000 acting as a significant 
price point as the US election approaches. Related Reading: Circle (CRLC) 
Boosted By USDC Demand: New Analyst Projections Suggest Rally To $136 Earlier 
on Tuesday, Bitcoinist reported that Alex Thorn from the research team at 
Galaxy Digital pointed out that time is of the essence. He cautioned that if 
progress is not made this month, the likelihood of passing the CLARITY Act 
this year will become &#8220;extremely low.&#8221; While negotiations in Washington D.C 
focus on resolving the stablecoin rewards issue, Thorn highlighted that 
additional challenges could emerge. These challenges may include discussions 
regarding decentralized finance (DeFi), investor protections, and broader 
ethical considerations in the digital asset sector. Featured image from 
OpenArt, chart from TradingView.com

Citigroup Lowers 12-Month Bitcoin Price Forecast To $112,000, ETH To $3,175—Here’s The Reason

World has launched the beta version of a developer toolkit that enables AI 
agents to provide cryptographic proof of human identity through World ID. 
Proof of Personhood for the AI Economy World (formerly Worldcoin) has 
announced the beta launch of Agentkit, a developer toolkit designed to bring 
cryptographic proof of human identity to the growing […]

World and Coinbase Debut Developer Toolkit to Solve the AI Agent ‘Trust Gap’

Ethereum price started a major increase above the $2,350 zone. ETH is now 
showing positive signs and might aim for more gains above $2,380. Ethereum 
started a steady upward move above the $2,320 zone. The price is trading above 
$2,320 and the 100-hourly Simple Moving Average. There is a contracting 
triangle forming with resistance at $2,340 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could continue to move up if it clears the 
$2,380 zone. Ethereum Price Aims Fresh Gains Ethereum price extended its 
upward move after it cleared the $2,250 zone, like Bitcoin. ETH price was able 
to clear the $2,320 resistance zone. The bulls pushed the price above $2,350 
and $2,365. A high was formed at $2,385, and the price recently started a 
minor downside correction. There was a drop below the 23.6% Fib retracement 
level of the recent upward move from the $2,062 swing low to the $2,385 high. 
Ethereum price is now trading above $2,300 and the 100-hourly Simple Moving 
Average. There is also a contracting triangle forming with resistance at 
$2,340 on the hourly chart of ETH/USD. If the bulls remain in action above 
$2,300, the price could attempt another increase. Immediate resistance is seen 
near the $2,340 level. The first key resistance is near the $2,365 level. The 
next major resistance is near the $2,380 level. A clear move above the $2,380 
resistance might send the price toward the $2,420 resistance. An upside break 
above the $2,420 region might call for more gains in the coming days. In the 
stated case, Ether could rise toward the $2,500 resistance zone or even $2,550 
in the near term. Downside Break In ETH? If Ethereum fails to clear the $2,380 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,315 level. The first major support sits near the $2,260 zone. A 
clear move below the $2,260 support might push the price toward the $2,225 
support or the 50% Fib retracement level of the recent upward move from the 
$2,062 swing low to the $2,385 high. Any more losses might send the price 
toward the $2,185 region. The main support could be $2,150. Technical 
Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the 
bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major 
Support Level – $2,260 Major Resistance Level – $2,380

Ethereum Price Upside Heats Up — $2,500 Barrier in Focus

SEC chair Paul Atkins says the regulator should review giving a range of 
exemptions to crypto companies to allow “bespoke pathways” to raise money.

SEC chair Paul Atkins floats ‘safe harbor’ exemptions for crypto

XRP may be flashing the kind of multi-factor bottom setup that has only 
appeared a handful of times before, according to analyst Will Taylor 
(@CryptoinsightUK), who argued in a video published Tuesday that the token is 
showing rare high-timeframe signals associated with prior cycle lows. Taylor’s 
thesis is not built on a single chart. Instead, he pointed to a cluster of 
technical and positioning indicators across XRP/USD, XRP/BTC, XRP dominance, 
XRP versus gold, and broader altcoin market structure, arguing that “there’s 
going to be a move in altcoins” and that XRP could be among the main 
beneficiaries if crypto volatility resolves to the upside. Why The XRP Bottom 
Could Be In On the weekly XRP chart, Taylor said his broader view has not 
changed. In his reading, XRP already broke out of a long accumulation range 
that stretched from the January 2018 highs until late 2024, and is now trying 
to establish support for another leg higher. He identified the broad support 
region between roughly $1.38 and the mid-$0.60 area, with XRP currently 
“finding support in this region.” The strongest part of the setup, in his 
view, is the weekly RSI. Taylor said XRP has only entered oversold territory a 
small number of times in its history, and that the first time it did so, it 
marked “the exact bottom” for the asset. “With XRP specifically when we hit 
this oversold area, this was actually our exact lows,” he said. “And we hit 
that area again now and we’re still at $1.50 in terms of dollar region. So, I 
think it’s quite promising to start with XRP on the weekly time frame.” 
Related Reading: XRP Supply Tightens On Binance As Scarcity Index Signals 
Limited Liquidity He paired that with another signal from derivatives 
positioning. Taylor said XRP funding had stayed negative for roughly seven 
weeks, a stretch he described as only previously seen around the 2022 bear 
market lows. In his words, “The only other time we’ve seen premium seven weeks 
negative and we’ve seen the RSI oversold was the absolute lows of the bear 
market in 2022. So that’s another positive piece of confluence there for XRP.” 
Lower down the chart, Taylor focused on the three-day and four-hour structure. 
He noted that XRP closed above a three-day range for the first time since Feb. 
3, which he sees as an early sign of strength, but said confirmation now 
depends on whether price can hold the breakout zone. The range he is watching 
sits roughly between $1.45 and $1.51, followed by a more important reclaim 
around $1.67. Above that, he flagged the $1.85 to $2.00 area as key weekly 
resistance. Elsewhere, he said XRP is beginning to stabilize against Bitcoin 
at the bottom of a long consolidation range and has printed a higher high on 
the daily chart, suggesting that “there is some life at the bottom of this 
range.” Related Reading: XRP Could Need Five Macro Cycles To Break $100, 
Analyst Says He also highlighted the XRP/gold chart, where weekly RSI 
conditions have, in his telling, only turned this constructive once before. 
“XRP against gold has for the second time in history crossed into oversold 
territory on the weekly RSI and we’ve actually crossed bullish,” he said. “The 
last time we did that again was right here for XRP against gold. We’ve done 
this from what I would consider key support.” Taylor’s upside case also leans 
heavily on liquidity. He argued that short-side liquidity above spot is denser 
than downside liquidity below, particularly into the $1.90 area and, on a 
larger scale, up toward $3.60 to $4.30. If XRP can clear higher resistance 
levels, he expects short liquidations and open-interest resets to create the 
kind of cascading rally seen after prior range breakouts. $XRP Technical 
Update. The Charts I&#8217;m Watching and Why https://t.co/jpdcrycjHT via @YouTube — 
Cryptoinsightuk (@Cryptoinsightuk) March 17, 2026 That broader move, he 
suggested, may need a macro or regulatory catalyst, potentially tied to 
legislation such as the Clarity Act. But his cycle targets remain unchanged. 
“I’m targeting up here — $14 to $18-ish dollars,” Taylor said. “I’ll be 
deleveraging between $8 and $12 quite heavily and I’ll continue to delever 
into the $14 to $18.” For now, his message is simpler than the target itself: 
XRP may still be in a waiting room, but the analyst believes the market is 
much closer to a decisive move than the recent price action suggests. At press 
time, XRP traded at $1.51. Featured image created with DALL.E, chart from 
TradingView.com

Cryptocurrency price in USD