Ethereum has just completed the Pectra upgrade, and many people are asking: can the price surge to 2000 USD? Will it drop instead after all the good news?

In this bull market, Ethereum hasn't risen as sharply as Bitcoin, but it has performed relatively well compared to other altcoins. When looking at the market, we shouldn't just focus on the price; we need to consider how much it has actually risen to be reliable. From the daily chart, it is clear that there are more bullish investors and stronger momentum.

This upgrade has changed two key aspects: first, the number of coins that validator accounts can hold has increased from 32 to 2048, lowering the entry cost for large institutions, which may lead to more funds entering the market; second, new blob fees have been introduced, which will increase the demand for ETH and may even allow ETH to return to a “deflationary” state, solidifying Ethereum's position as the leader in the public chain space.

This is the most significant positive news for Ethereum this year, and whether it can take advantage of this wave to surge depends on whether the market buys into it!

Altcoins will show direction in the next couple of days; if there is a spike, there will be an opportunity; if not, just continue to wait.

Recently, the altcoin market shows a somewhat “peculiar” situation, with normal VC coins generally falling, MEME coins holding up slightly better, and AI coins already having corrected, indicating that the main liquidity is unwilling to take the “risk” to drive prices up.

Overall: Bitcoin is currently in a dilemma, with both bulls and bears fiercely battling around the 97000 USD mark.