The event horizon is the boundary around a black hole beyond which nothing, not even light, can escape its gravitational pull. It marks the point of no return, where any object or information that crosses it is trapped within the black hole's singularity.
From the perspective of an outside observer, an object that crosses the event horizon appears to slow down and become increasingly red-shifted as it approaches the horizon, until it appears to freeze at the horizon and become invisible. This is because the gravitational pull of the black hole is so strong that time and space become severely distorted, and the object's movement slows down to the point of appearing motionless.
From the perspective of an object crossing the event horizon, however, there is no visible or physical barrier, and it can pass through the horizon without noticing any change. Once inside the horizon, however, the object will inevitably be pulled towards the black hole's singularity.
In this sense, the event horizon marks a dramatic transition from "somewhere" outside the black hole to "everywhere" inside the black hole, where all objects and information are inexorably drawn towards the singularity at the center.