Ether (ETH) price reclaimed the $2,000 support on March 24, but remains 18% below the $2,500 level seen three weeks ago.
The upcoming Pectra network upgrade is expected to address challenges and improve Ethereum's user experience and scalability.
Despite a lack of bullish sentiment from ETH options traders, Ethereum remains the leader in smart contract deposits and holds significant assets.
The Ether supply on exchanges is decreasing, indicating long-term capital commitment, and the Ethereum network is gaining momentum in the Real World Asset industry.