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 think so, Ethereum transaction fees are much cheaper today compared to the previous months, and speaking of Defi Ethereum had already survived before Defi was invented so thats not going to happen, the word destruction is too much because besides all those so-called criticism Ethereum development has not stopped, however, those criticism are still valid but it's not enough to destroy the smart-contract service pioneer.