Most people believe the end of eth is near but i still not believe that a project like eth will just die especially not with a founder like vitalik, am yet to see that project that can take over eth place, eth may have some issues in their network and i don't think it's beyond fixing, btc has not shown any stability either yet people seem fine with it.
Thanks to eth we have many erc20 projects to choose from, whether they turned out to be successful or not is their problem, bottom line is eth provide services which 99% of the project in the market today can't boost of.
Today it really looks very sad but it does not mean that everything will look the same tomorrow or next week. A market reversal can happen very quickly!