Relationship of bETH to ETH and ETH 2.0.

I’ve been using Anchor Protocol to earn interest by using bETH as collateral and also borrowing against my bETH to store UST and earn interest.

My question is this: is bETH the same as holding ETH? Not sure if I’m asking correctly. When ETH 2.0 happens, will my bETH value move along side of it?