Bullish sentiment and fears of 'selling on news'
As the Pectra update approaches, a decrease in the exit of validators from Ethereum$ETH may reduce the supply of ETH, which could lead to a price increase after the update. If optimism persists, the price of ETH could reach $2,027. However, the risk of 'selling on news' remains.
If the update does not meet expectations or triggers profit-taking, ETH may face downward pressure despite positive signals from validators. In this case, the price could fall to $1,744.
