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?
I don't exactly get why you said the destruction of ETH. Perhaps, it could be possible if you believe to that things. But for me only time can tell about this matter actually. And what if there are some ETH holders keep this coin for the long term? do you think destruction will come over it? isn't the answer is not of course. Meaning, destruction could only be happen when all ETH holders will give this token, am I right?