Is Ethereum in trouble as Samson Mow says he feels sorry for ETH?
That weakness has fed a wider debate about whether Ethereums scaling path has helped the network or reduced demand for its base layer. Layer-2 networks have made transactions cheaper, but they have also moved user activity away from Ethereum mainnet fees. Layer-2 growth raises base-layer questions Ethereums rollup strategy helped the network handle more transactions through Layer-2 platforms such as Arbitrum, Optimism, and Base. That approach lowered user costs and improved access. However, critics argue that the same model can reduce direct fee demand for Ethereums base layer. When activity moves to separate rollups, value can become spread across many networks instead of staying concentrated on mainnet. Concerns also remain around centralized sequencers and large staking pools. These issues have kept the decentralization debate active, even as Ethereum developers continue to push technical upgrades. Mow‘s criticism fits that wider debate. His post did not present a detailed technical review, but it added attention to Ethereum’s current mix of weak price action, reduced relative strength, and structural questions. BitMine and ETH treasury losses add pressure Related market updates show that Ethereum treasury holders have also faced pressure. Crypto.news reported that BitMines ETH holdings crossed 5,078,386 ETH on April 27, after the firm bought the tokens at an average