⭐ Merited by vapourminer (2)
Miners dumping ETH and liquidating combined with selling their GPU-s as prices drop and only a few coins are to mine but even those are in the RED.
Add to this the problems of Global Economy and Global Politics being heated like Russia/China mingling and facing economic slowing which can easily turn out to be a collapse esp China.
IMO, most of the miners after the merge, they've turned off their rigs and just waiting for that opportunity for another coin to be mined. It's still testing the waters before they come and turn on their rigs again. Add to this the problems of Global Economy and Global Politics being heated like Russia/China mingling and facing economic slowing which can easily turn out to be a collapse esp China.
About the global issue, it has its part on the market as to why we're experiencing this downturn. It's very likely that due to it, most of the markets have been affected by it and we can't do anything about it.
ETH has a lot of stuff attached/built on it, some of its mass comes from being in the first projects of its kind and successfully taking off.
I don't see a worthy successor yet - successor to POW + a Network with multiple layers like ETH, there are pretenders but they couldn't beat ETH and wont be as it switched to POW basically retiring on its own terms.
tperkara: Things are unstable and not in a good way - if we can even classify them like bad and good, which is kind of simplistic. You take risks can you live with and handle it?
I think stagnation can take a while and jump between a wider scale. Plan for mid/long term.