Ethereum Crisis

[erus]

~snip~

Source

What do you think?
What could be the reason for the community's discontent with ETH?
Just the value?

I think this is a tough choice for Vitalik Buterin because the work environment seems strange and complicated so Vitalik Buterin took over all his work at the Ethereum foundation. As long as it can provide goodness for Ethereum I think Vitalik Buterin is still very suitable to manage all the technology owned by Ethereum.
I believe that Ethereum still has value for all altcoin communities because I too if given 2 Ethereum for free would definitely be very happy. 

[vegasus]

Personally, I don't think that Ethereum is going through a period of crisis, despite having lost around 19% of its value in this period, it still remains the second most important altcoin after bitcoin, I'm sure it will rise stronger than before

Indeed, if ETH experiences a crisis, the indicator should not only be a price drop. Because lately, since the end of January, the market condition has not been good enough, and the market often experiences extraordinary market drops so that not only ETH drops, but also other altcoins. Even BTC too. So, the ETH price drop benchmark cannot be used as a benchmark for the current crisis.

However, if there is a big FUD, a very drastic drop in the market cap, or others that can trigger the coin to drop much deeper than other coins, not only in price but also in market cap and ranking on CMC, then it might be a crisis.

whereas now, it's not like that.

[TomPluz]

I'm sure a lot of the pressure everyone is putting on the ETH is inspired by SOL. SOL beat ATH, the network is being used by many new users, there is a huge volume of trading, many protocols using the network...it's working relatively well not to mention the tokens they release on SOL, which are doing very well, such as JUP, Kamino, Drift, etc...

I agree with this honest assessment as to why many ETH loyalists are feeling some insecurities as the market seems to be not going to the direction of Ethereum in terms of price, usage and development. This can create more pressures and there can be many holders who might decide to let go and take their money somewhere where there is more excitement and maybe more profit potential. Though Ethereum is still the number two to Bitcoin, it is not keeping up with the BTC movement making it a little bit inutile...yet we know that the potential of it is still there maybe there is just something wrong and people in Ethereum lead by Vitalik must seriously analyze this malady. Am still having some ETH in my portfolio but I am getting restless just like the rest of the holders.