ETH is dead for real?

[Accardo]

So even though the price of ETH is gradually decreasing, the popularity for it has not decreased yet.

A questionable action happened with Eth's price decline during the btc bull run. It's clear that the network is widely used by Dapp projects which comprises of half a million daily users on average, isn't it supposed to influence the eth price? Although the actions impact the growth of Defi projects other than the Eth price, the project makes more industrial impact in the market than Sol, which is more reason why new users or ventures replace those who leave the network.

[KingsDen]

Well if you do hodl eth tokens it was a good day for you. In only last 24 hours it is now up more then 13 percent. Price for 1 eth token now is 1800.
There is now a increase in Ethereum users adoption rate. There is data from on-chain data platform IntoTheBlock that says it rose 40 percent last week.
https://bitcoinist.com/ethereum-adoption-rate-spike/

Ethereum has been known as the only altcoin that is good at following bitcoin. It has been so for years untill the last bull run that BTC left Ethereum behind. Then, the worse happened when BTC dipped, Ethereum that didn't rise with it dipped even more. That was the beginning of the Ethereum price problem.

My only concern about Ethereum considering Sol is scalability. It's hitting hard on Ether. It is only BTC that has the ability to keep fighting scalability for long because it is 100% decentralized. Personally, I see future in Sol than Ether.

[Rony121]

SOL is overtaking ETH in every metrics.

SOL DeFi is likely to surpass ETH in the near future in my opinion.

Memecoins ecosystem is just way greater than ETH.

How ETH going to solve this issue and maintain the king spot?

Ethereum isn’t dead. It’s still around $1800. Due to the sell pressure from the Ethereum team, It can’t pump properly. If the Ethereum team wants it to pump well, They need to stop their constant selling. If they hold off on selling, Ethereum will start to pump and gradually reach a better price possibly even reclaim the throne.

The Ethereum team just needs to be serious. If they are, Ethereum can return to its previous position in time.

[virasog]

Ethereum isn’t dead. It’s still around $1800. Due to the sell pressure from the Ethereum team, It can’t pump properly. If the Ethereum team wants it to pump well, They need to stop their constant selling. If they hold off on selling, Ethereum will start to pump and gradually reach a better price possibly even reclaim the throne.

The Ethereum team just needs to be serious. If they are, Ethereum can return to its previous position in time.

The Ethereum is not dead and also there is no sell pressure from the Ethereum foundation. If you see the BTC/ETH chart than you will realize that the ETH is being manipulated to a great extent and its price is suppressed for some reason. We all know that when Ethereum moves, it drive all the altcoin prices with it. But for some reason, the whales have different plans in this cycle. Anyway, it's about time that this spring will be released and Ethereum will pump too much, beyond imagination.

Check this manipulated price action in the chart below.

[MAAManda]

Rather than calling it dead, I'd rather call it a new stablecoin. A new era of stablecoins has arrived, after Ripple (XRP) which was the stablecoin for years, now it's Ethereum (ETH) turn to replace $XRP .

This is all because there are so many bullshit scaling solutions in the Ethereum (ETH) ecosystem, leaving people with so many alternatives to choose from, that the network activity is ultimately not as busy as it was in its early days.

How ETH going to solve this issue and maintain the king spot?

Maybe by creating a special grant program for meme token developers, maybe...

[Abiky]

Rather than calling it dead, I'd rather call it a new stablecoin. A new era of stablecoins has arrived, after Ripple (XRP) which was the stablecoin for years, now it's Ethereum (ETH) turn to replace $XRP .

This is all because there are so many bullshit scaling solutions in the Ethereum (ETH) ecosystem, leaving people with so many alternatives to choose from, that the network activity is ultimately not as busy as it was in its early days.

ETH, a stablecoin? I don't think so. Especially when it lost a large portion of it value since 2021. If you bought some ETH by then, you'd be at a huge loss by now. $1.8k is very far away from the last recorded ATH of over $4.8k.

You're right about the many scaling solutions (L2s) built on Ethereum. They drive people away from the main chain. Developers are reluctant to introduce any changes on the network that would improve on-chain scalability. PoS alone is not enough for gas fees to decline. Raising the gas limit, Sharding, and a few other improvements will.

While ETH devs keep "stalling", competing chains such as Solana and BSC are quickly gaining traction. It's getting too late for ETH to stay at the top of market dominance. The only thing that might save it is the first-mover advantage. Only time will tell us if ETH has what it takes to provide consistent innovation and real world usability. Otherwise, Solana will "eat its cake". Just my two sats.

[MAAManda]

ETH, a stablecoin? I don't think so. Especially when it lost a large portion of it value since 2021. If you bought some ETH by then, you'd be at a huge loss by now. $1.8k is very far away from the last recorded ATH of over $4.8k.

Don't take it serious, mate. I was just kidding about coin that don't provide capital gains while I'm still holding this coin. My time when holding was wasted because there was no price growth on Ethereum (ETH), since then I realized that this coin didn't give me anything & blacklisted from my portfolio forever.

While ETH devs keep "stalling", competing chains such as Solana and BSC are quickly gaining traction. It's getting too late for ETH to stay at the top of market dominance. The only thing that might save it is the first-mover advantage. Only time will tell us if ETH has what it takes to provide consistent innovation and real world usability. Otherwise, Solana will "eat its cake". Just my two sats.

I guess it's only a matter of time until $BNB or $SOL takes over their positions for capitalization. Hmmm... $BNB is still semi-centralized, so let's exclude it from the list of $ETH competitors.

[X-ray]

The existence of L2 is to solve the problem of Ethereum transactions so that if we look at the gas costs are quite cheap. Although I don't like Ethereum but there are some improvements, not significant but still some L2s are successful, the rest are considered failed even the chain is not widely used and there are several L2s currently such as Optimism and Arbitrum showing success in solving problems that exist in Ethereum.

The fee heatmap is actually a good information to reflect state of ETH currently and the fee spikes a lot and once it spikes, it will last for 1-2 days until fee finally goes down, often happen when it's mid night in the US.

My experience from using ETH lately, I won't depend too much on the fee, also despite having such low gwei, ETH fee is still a lot more expensive compared to solana.

ETH really need to do something and I heard they are planning to improve scalability in L1 which is a good thing.

[len01]

Memecoins ecosystem is just way greater than ETH.

Are you trying to compare the memecoins of the solana network with ETH? Looks funny.
I recognize that SOL is currently the altcoin that is believed to be able to compete with ETH. But if you overestimate Solana, it looks very funny. Look at how many Solana memecoins scammed some investors even though not all of those memecoins were scams.

[mich]

Well now we are seeing price point of Ethereum to be 1800. It does go below that but now it is currently trading price point of 1809.
It has been along time since we did see it price of 2200. I do think we will see some big gains in this token for the next 'bull run'.
https://bitcoinist.com/ethereums-next-big-move/

[doomloop]

Well now we are seeing price point of Ethereum to be 1800. It does go below that but now it is currently trading price point of 1809.
It has been along time since we did see it price of 2200. I do think we will see some big gains in this token for the next 'bull run'.
https://bitcoinist.com/ethereums-next-big-move/

By the next bull run, do you mean the bull run that will come after the bear market? Or the other part of the current bull run that is anticipated to come within the next few months? If you mean this one, then you are right, but if you actually mean the next one then I would say that ETH is most probably going to recover its price if Bitcoin manages to go above its previous all-time high which is around $109k, so ETH will surely go at least above $3k or something. I know it's not what we had previously expected from it, but still, if it manages to go there from the current price, that's good enough.

Those who are invested in ETH shouldn't worry much because we know that ETH isn't like other small altcoins of today that come and go, it's been around for years, and it's the second largest cryptocurrency after Bitcoin both in market cap and popularity, so it's surely going to give its investors some profit if market goes more positive in the coming months.

[shinratensei_]

Wait for the L1 scaling that's proposed by them, if this can increase the scalability of ETH, rendering L2 useless, liquidity can come back to ETH mainnet again.
Although I still believe they will preserve usability of L2 one way or another, probably creating upgrade for scaling that's not too significant.

But speaking about price, it's pretty much underperforming, wouldn't be surprised if they failed in their L1 scaling price may tanks further.

Memecoins ecosystem is just way greater than ETH.

Are you trying to compare the memecoins of the solana network with ETH? Looks funny.
I recognize that SOL is currently the altcoin that is believed to be able to compete with ETH. But if you overestimate Solana, it looks very funny. Look at how many Solana memecoins scammed some investors even though not all of those memecoins were scams.

To be fair there were plenty of rugs in ETH as well before all the meme coin hype going to solana after ETH fees becoming unbearable, meme coin is super specific niche, it doesn't represent whole blockchain.
Solana is also building its defi ecosystem too if you look carefully.

[Akbarkoe]

We will say that ETH will be like a big company in the past such as Blackberry and Nokia where they cannot compete with the times if they do not make changes to their systems and adjust themselves with changing times.

We must know that development is not always in this life and yes as big as the ETH Foundation may be able to experience the same thing with the current situation, many speculate that L2 decreases activity in the main network and yes many factors causing decreased activity in the main chain.

[bitcoinqueen11]

ETH ain’t dead, but yeah, Solana's been crushing lately. Cheap fees, fast transactions, and the memecoin hype is giving it serious traction. It’s way more fun for degen stuff right now.

But ETH’s still the backbone for most of the serious DeFi, stablecoins, NFTs, and all that L2 action. It just doesn’t look as flashy on-chain because a lot of the activity moved to rollups like Arbitrum and Base.

If Ethereum doesn’t figure out how to make using L2s feel smooth for normies, Sol might keep pulling ahead on user growth. But ETH isn’t going anywhere. it’s just in its boring, backend phase.

[btc_angela]

ETH ain’t dead, but yeah, Solana's been crushing lately. Cheap fees, fast transactions, and the memecoin hype is giving it serious traction. It’s way more fun for degen stuff right now.

I think if it you are going to base on it's last bull run cycle, it's looks like it's dead.

But ETH’s still the backbone for most of the serious DeFi, stablecoins, NFTs, and all that L2 action. It just doesn’t look as flashy on-chain because a lot of the activity moved to rollups like Arbitrum and Base.

That's it, there are competitions already that is very cheap as compare to Ethereum's L2, that's why there are developers that are moving on other platform as well causing Ethereum to lose more.

If Ethereum doesn’t figure out how to make using L2s feel smooth for normies, Sol might keep pulling ahead on user growth. But ETH isn’t going anywhere. it’s just in its boring, backend phase.

It's more than that, it's Ethereum are more decentralized now that might turn off a lot of investors.

[Webetcoins]

Not really, ETH is not dead, but it is at a very slow descend for sure, and we need to see foundation finally make some moves to get further. Even proof of stake didn't help it, I assumed it would make ETH the most valuable one, it was even closer to bitcoin before that, so I assumed it would make it higher. But it didn't help at all. The idea was there, instead of people mining and selling, people would be buying and holding, so it sounded like it would do better but it didn't.

In any case, we should be looking at ETH as something that is having some trouble right now, and because of that we shouldn't be really assuming ETH will do good anytime soon. For it to get better, we need to see it cheaper gas fee, and plenty of projects that work under its ecosystem so people would have a reason to buy it.

[Kavelj22]

Not really, ETH is not dead, but it is at a very slow descend for sure, and we need to see foundation finally make some moves to get further. Even proof of stake didn't help it, I assumed it would make ETH the most valuable one, it was even closer to bitcoin before that, so I assumed it would make it higher. But it didn't help at all. The idea was there, instead of people mining and selling, people would be buying and holding, so it sounded like it would do better but it didn't.

The Ethereum network also completed its latest technological update, called Pectra, which reduces network fees, simplifies ether storage, and supports smart wallets.

Ether's price has risen 25% so far this past week and was on track for its best weekly performance since May 2021, but the price has corrected again.

Ethereum is not dead and still holds a significant position in the crypto industry. Its price has become more closely tied to its performance than simply being a cryptocurrency as an investment instrument.

[Abiky]

Not really, ETH is not dead, but it is at a very slow descend for sure, and we need to see foundation finally make some moves to get further. Even proof of stake didn't help it, I assumed it would make ETH the most valuable one, it was even closer to bitcoin before that, so I assumed it would make it higher. But it didn't help at all. The idea was there, instead of people mining and selling, people would be buying and holding, so it sounded like it would do better but it didn't.

In any case, we should be looking at ETH as something that is having some trouble right now, and because of that we shouldn't be really assuming ETH will do good anytime soon. For it to get better, we need to see it cheaper gas fee, and plenty of projects that work under its ecosystem so people would have a reason to buy it.

PoS was never meant to make ETH valuable. It was meant to improve network scalability by reducing gas fees and wait times. But ETH failed to achieve any success in this regard, partly because developers focused on L2 scaling solutions instead of the main chain itself. They didn't even fix ETH's "inflation issue" like they've promised. The network upgrade before Pectra (Dancun, if I'm not mistaken) aimed to introduce some sort of burning mechanism on ETH that would make it deflationary in the long term. But inflation persists, greatly affecting ETH's market price.

Anyhow, ETH is already below its ATH of $4.8k per coin. Meanwhile, BTC continues to reach new ATHs as institutional investment companies continue to buy it like crazy. For ETH's demand to increase, developers need to come up with something new that would "blow" Solana "out of the water". Until then, expect prices to remain low. Maybe it's a good time to buy more ETH? The decision is yours...

[Kavelj22]

Not really, ETH is not dead, but it is at a very slow descend for sure, and we need to see foundation finally make some moves to get further. Even proof of stake didn't help it, I assumed it would make ETH the most valuable one, it was even closer to bitcoin before that, so I assumed it would make it higher. But it didn't help at all. The idea was there, instead of people mining and selling, people would be buying and holding, so it sounded like it would do better but it didn't.

In any case, we should be looking at ETH as something that is having some trouble right now, and because of that we shouldn't be really assuming ETH will do good anytime soon. For it to get better, we need to see it cheaper gas fee, and plenty of projects that work under its ecosystem so people would have a reason to buy it.

Anyhow, ETH is already below its ATH of $4.8k per coin. Meanwhile, BTC continues to reach new ATHs as institutional investment companies continue to buy it like crazy. For ETH's demand to increase, developers need to come up with something new that would "blow" Solana "out of the water". Until then, expect prices to remain low. Maybe it's a good time to buy more ETH? The decision is yours...

Ethereum's problem can be summed up in two clear obstacles, regardless of what conspiracy theorists promote.
First, the centralization of decision-making within Ethereum, whose founder remains the CEO, who personally approves every project, especially regarding development stages and periodic updates necessary to keep pace with the changing market.
Second, the high competition in today's market, in which Ethereum is no longer the sole player. Today, networks like Solana, Tron, and TON are capable of eliminating Ethereum from the scene if its performance continues to decline.

[ndutndut]

Memecoins ecosystem is just way greater than ETH.

Are you trying to compare the memecoins of the solana network with ETH? Looks funny.
I recognize that SOL is currently the altcoin that is believed to be able to compete with ETH. But if you overestimate Solana, it looks very funny. Look at how many Solana memecoins scammed some investors even though not all of those memecoins were scams.

I am also wondering. When comparing Solana network memecoins with ETH, it is very strange. Comparing ETH and Sol is like comparing apples and pears. Despite the fact that Ethereum is much more secure and decentralized, Solana is currently in demand because it is faster and cheaper. It will still be more vulnerable to bots and attacks which have happened many times. Also, as you said, many memecoins from the Solana network eventually become worthless. Eth has more utility and institutional adoption. Sol just has the most memes right now. so I believe ETH will continue to lead behind BTC.
But one thing is for sure, ETH will always be number one for the next few years and will remain the king of altcoins. Instead of comparing the two, why don't we buy Sol and ETH? It won't hurt you. So, holding both is better because both have good fundamentals so far.