#ETHBreaks2k

The transition to 2000 $ of Ethereum (ETH) was a notable event in the history of this cryptocurrency. In August 2022, the price of Ethereum surged by over 120% in just two months to reach $2000, marking a significant recovery after a low of around 900 $ in June of the same year. This increase was supported by the anticipation of 'The Merge', the highly awaited transition of the Ethereum network from Proof-of-Work (PoW) to Proof-of-Stake (PoS), which was expected to improve the energy efficiency and scalability of the network.

However, in March 2025, Ethereum fell below 2000 $ for the first time since the bear market of 2023. This decline was attributed to a combination of selling pressure, long position liquidations, and an overall bearish market sentiment.

The transition to ETH 2.0, with the adoption of Proof-of-Stake and other improvements, was expected to have a significant impact on the value of Ethereum. If successful, the value of Ethereum could increase, but a failure could lead to a drastic decline in its value.