Ethereum Price Prediction: Will ETH Hit $2,000?

Following the launch of Pectra Mainnet on May 7th, Ethereum’s native token, ETH, has seen a positive response from the crypto community. This action triggered a retest of the crucial $1,800 resistance/support trendline for the altcoin. 45 days of underperformance in the ETH price has raised concerns about its future outlook and the long-term potential of the blockchain technology.