High gas fees, reduced popularity of DEFI, rapid decline of TVL on the chain, distrust of ETH2.0, criticism from miners, and restrictions on participants by the POS mechanism. Will the challenges of new technologies and new public chains cause ETH to decline rapidly?
Ethereum will not decline rapidly if Bitcoin can increase slowly, because the bigger impact of the decline on Ethereum for now is in the Bitcoin dump, so if Bitcoin can hold up very well and can increase slowly over time, then Ethereum will too. getting better and slowly improving in the market, regardless of what you say even though that has some truth in it, but I think the effect of that kind of thing is still very little for Ethereum at the moment.