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?
We don't know about it yet because the new technology needs to be tested by the interest of investors. The market situation itself is still not good and still waiting for bitcoin to increase, so it looks like ETH can still survive, and there is a possibility that ETH 2.0 can become a new trend in the future. But everything is still unknown and still needs to wait, and in the meantime, we are also still seeing how the market conditions in the future.