Ethereum coins are currently losing popularity due to gas fees. Because selling tokens costs three times the gas fee than what can be sold. No coins are currently being sold from the Etherium platform. The main reason for the loss of popularity of etherium coins is the gas fee.
if you look at the market capitalization of ethereum, it is still very safe and there are still many who hold it. although it can be seen from the graph, the trend of ethereum can no longer coincide with the increase in bitcoin. only from febuary to may ethereum is still capable of more than bitcoin. after that it was always down and never increased with it, stuttering as if it couldn't keep up with bitcoin's rhythm anymore.
I agree with you that the cost of gas is indeed a problem in its own right so far in every trade, I don't know how long it will adjust again. it is possible that ethereum will have difficulty lowering the gas fee if the coin price goes up.
we have to admit that there are many projects that no longer use the ethereum platform, because all of them clearly don't want to lose the costs that will be received which are quite expensive for later distribution. Likewise, now many are using other platforms to outsmart the costs to make their transactions cheaper. so ethereum is having a bit of trouble at the moment.
will it continue? it all depends on the ethereum to be able to make those changes. we will wait because after all the project with the ethereum platform, it is clearly superior in price compared to other platforms.