After Ethereum's return to $2,000, the short-term trend depends on the resonance of multiple factors. Expectations for the Pectra upgrade and rumors about Sun Yuchen's holdings, if verified, could drive the price to test resistance at $2,150 or even $2,500, but caution is needed regarding selling pressure from large holders and the risk of technical overbought pullbacks. On a macro level, signals of a shift in Federal Reserve policy and October CPI data may determine market risk appetite; if inflation cools, it would be favorable for continued upward momentum, while the opposite could test the $1,800 support. Meanwhile, whether the ETH/BTC exchange rate can break through 0.055 will determine if it can escape into an independent market trend, while the high volatility in the altcoin market may divert funds. In the long term, on-chain network activity, ETF approval progress, and regulatory dynamics remain key variables. Investors are advised to pay attention to breakthrough signals at key technical levels; short-term traders may consider buying on dips but must strictly control leverage risk, while long-term holders should accumulate in batches and wait for the upgrade rollout and clarification of macro policies.