If we take a close look at the crypto currency market at present. Especially in 2024 we can see Ethereum changing a lot along with Bitcoin and it is growing. Now what is the future of Ethereum in ? This coin can reach $4k in the market.
Ethereum bites the hands that fed them and by that, I mean they were much as good as Bitcoin if not way more developed due to smart contracts but they switched from proof of work to Proof of stake which makes Ethereum to be more centralized than it was before. The developers also lied to the people, they allowed people to stake their Ethereum to the pool and it became impossible to unstake even when the day was announced, they gave a condition for unstacking and that didn't go well with investors because the developers were trying to avoid dumping and stakers where trying to sell at an all-time high which many of them where deprive of the freedom and when they unstake, the selling pressure was high.
Secondly, the proof of stake has killed the trust of the community, there is a staking pool that contains more than 30% of ETH making it more centralized and there are speculations that the pool belongs to US investors, so investors are afraid to buy more Ether because of the trust issues from US investors.
In addition, there is a crackdown on the SEC(Security Exchange Commission) and coins that are term "proof of stake" and it is making people run away from the chain. I'm not sure about the price but just know that there is nothing impossible in crypto, you might come back to this post and see Eth in $6k in the future and laugh on this thread.