Ethereum has fallen 62% from its all-time high of $4,954 and released a new 'Lean Ethereum' roadmap promising upgrades including quantum resistance, faster transactions, and improved privacy by 2029. However, the author remains bearish, arguing that value is flowing to Layer-2 blockchains rather than Ethereum itself, and competitors like Solana are outpacing it in transaction speeds. Despite institutional efforts and foundation changes, these improvements may be too little, too late.
Axe note: Ethereum's 62% drop and promised upgrades raise questions about its place in a maturing crypto scene, with limited local upside.