4E Opinion: Market Concerns Over the Development Prospects of Ethereum, Three Hidden Worries Surface

BlockBeats News, on November 7th, the latest market analysis by 4E shows that Ethereum (ETH), once hailed as the ‘world computer’, is facing multiple development challenges. Industry experts pointed out that there are at least three unfavorable factors affecting its development prospects. First, Vitalik, the founder of Ethereum, has significantly reduced his code contributions on GitHub recently, which has raised concerns about the project’s technical development. Second, the Ethereum Foundation has dumped ETH on a large scale multiple times this year, which is interpreted as a lack of confidence in the long-term value of the project. Third, as the main public chain for Decentralized Finance and Non-fungible Tokens (NFTs), Ethereum has been experiencing low gas fees and a significant decline in on-chain transaction activity, reflecting weakened user demand. Analysts believe that the combination of the above three factors may affect Ethereum’s dominant position in the blockchain field. Although Ethereum is currently the second-largest cryptocurrency in terms of market capitalization, the competition pressure from emerging blockchain platforms is increasing. Investors are advised to remain cautious and closely follow the project’s subsequent developments in the current situation.