Personally I’ll say Nah, Ethereum’s definitely not dead. Every time the market dips or slows down, people start throwing that word around. but Ethereum’s still one of the strongest and most used platforms out there. It powers a massive chunk of DeFi, NFTs, and smart contracts in general. Big upgrades like the move to proof-of-stake and future scaling solutions are just part of a long term roadmap. It’s not going anywhere anytime soon.
The noise is just part of the cycle.
Ethereum whales appear to be continuing their dominance of price action, which is reflected in the behavior of funding rates, a measure of the fees traders pay to keep their positions open.
There's also an important point worth noting. Despite the difficulties it's currently facing, which could lead to its collapse, Ethereum remains the best platform for developing smart contracts on the blockchain, outperforming all current competing networks in the crypto market. If it succeeds in overcoming this ordeal, its position will become even stronger and more resilient.