Ethereum’s price recently plummeted to $2,000, a level last seen in 16 months. This significant drop raises concerns about the cryptocurrency’s future despite its potential for growth. The article dives into key reasons behind this decline, exploring factors like market uncertainties and competition from other blockchains. The impact of macro-economic pressures, whale liquidations, and bearish technical indicators is analyzed, shedding light on the current state of the Ethereum market. While long-term prospects remain bright with anticipated network upgrades, short-term volatility remains a concern. Experts are divided on the direction of Ethereum’s price, but some predict a rebound to $7,000 by the fourth quarter of 2025 if adoption accelerates and resistance levels are overcome.