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.

[Report]

As far as I know the price of a coin is the end result of the coin's features after it was created.
If the coin has many features then the price will definitely go up but if the coin has few features then the price will definitely go down.

Ethereum has many features so the price goes up and over time the price below 0.3 dollars can reach a price of more than 3,000 dollars.
The context of the crisis here, in my personal opinion, there is no latest update from this Ethereum coin, I noticed that Ethereum seems monotonous and does not have a solid mission for the near future. Just look at the price, it also tends to go down even though I noticed that Bitcoin has increased even though it is small.

[philipma1957]

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.

I can do 10 solana for less than 1 eth.

I can stake it in my trezor. So I can not lose the coin.

I can get 7% for the Solana vs 2-4% for  the eth

Solana has a direct link to the helium hotspot network a very low power mining rig that has a million units over the world.

All of the above is better than any ETH offers.

Also eth redid it's entire chain back in 2016 and that fixed a legal exploit but  cost people with Mac os wallets a lot of coins. To this day I have never been able to recover 2 coins from my Mac wallet due to the rollback. So I pretty much do not mind eth  dying off.

I am also still selling gpus from when eth pretty much destroyed gpu mining.

Seeing eth fail is pretty much a fun thing for me.

[densuj]

As far as I know the price of a coin is the end result of the coin's features after it was created.
If the coin has many features then the price will definitely go up but if the coin has few features then the price will definitely go down.

Ethereum has many features so the price goes up and over time the price below 0.3 dollars can reach a price of more than 3,000 dollars.
The context of the crisis here, in my personal opinion, there is no latest update from this Ethereum coin, I noticed that Ethereum seems monotonous and does not have a solid mission for the near future. Just look at the price, it also tends to go down even though I noticed that Bitcoin has increased even though it is small.

Your view that a coins price reflects its features is a solid starting point, but it’s not the whole picture. Ethereums rich feature set smart contracts, DeFi, NFTs drove its price from under $0.3 to over $3,000, as you noted. However, price isn’t just about features; market sentiment, adoption, and macroeconomic factors play huge roles. Your observation about ethereums recent stagnation is astute. Without major updates like the Pectra upgrade gaining traction or clear short term goals, Ethereum can feel directionless compared to bitcoins narrative as digital gold. Bitcoin recent gains, even if modest, stem from ETF inflows and institutional buzz, while ethereum lags, with its price dipping. This could signal a temporary loss of momentum, but ethereums fundamentals developer activity, layer-2 scaling remain strong. A crisis of confidence might persist unless ethereum roadmap excites investors again, aligning with your family focused crypto strategy
.

[rdluffy]

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.

I can do 10 solana for less than 1 eth.

I can stake it in my trezor. So I can not lose the coin.

I can get 7% for the Solana vs 2-4% for  the eth

Solana has a direct link to the helium hotspot network a very low power mining rig that has a million units over the world.

All of the above is better than any ETH offers.

Also eth redid it's entire chain back in 2016 and that fixed a legal exploit but  cost people with Mac os wallets a lot of coins. To this day I have never been able to recover 2 coins from my Mac wallet due to the rollback. So I pretty much do not mind eth  dying off.

I am also still selling gpus from when eth pretty much destroyed gpu mining.

Seeing eth fail is pretty much a fun thing for me.

I love to see your hate for the ETH and I'm sure many have the same opinion as you 
I'm sorry for the loss of 2 coins, it's a very considerable amount

I still have mixed feelings about ETH
I'm grateful to have gotten to know BTC and cryptos via ETH, for mining, for as many GPUs as I've had and my current PC is due to ETH

But EF and everyone else have turned their backs on the miners who supported the network for years and are now paying the price

[vegasus]

I still have mixed feelings about ETH
I'm grateful to have gotten to know BTC and cryptos via ETH, for mining, for as many GPUs as I've had and my current PC is due to ETH

But EF and everyone else have turned their backs on the miners who supported the network for years and are now paying the price

This is anatw ajar, mixed feelings towards ETH. Because sometimes there is still high hope for this coin along with the belief that this is a special altcoin and can still rise so high later by being able to pass its ATH.

But on the other hand, when looking at the development of ETH prices so far which usually follow Bitcoin faster, this is quite contrary. and even after the price decline since the end of last year, the current ETH price still hasn't been able to break through $ 2k, this is quite worrying.