Ethereum has struggled to maintain levels above 3,500 USD, currently pricing at 3,139 USD. The recent decline in price, alongside stiff competition from other blockchains like Solana, has also contributed to concerns among investors.
For Ethereum to exceed 3,500 USD, critical factors include implementing the Pectra upgrade, regulatory changes regarding U.S. ETFs, and advancements in layer-2 solutions. Investments in these areas could enhance investor confidence and potentially lead to a price rebound.