The Ethereum Foundation has recently launched a new testnet called ‘Mekong’ for its Pectra project. This development has sparked optimism among the Ethereum community, with many speculating that the price of ETH could reach $4000 soon. The launch of the Mekong testnet is seen as a significant step towards the advancement of the Ethereum network and its capabilities. Investors and traders are closely watching the progress of the Pectra project, as it could potentially have a major impact on the price of ETH in the near future. Overall, the launch of the Mekong testnet has created a buzz in the cryptocurrency market, with many expecting positive outcomes for Ethereum.