Standard Chartered’s banking analysts believe that Ethereum is undergoing a ‘midlife crisis’ and is striving to maintain its $2,000 value. They state that Ethereum has devalued by 40% in the past 3 months, shifting its value to layer 2 networks and facing challenges in attracting investors’ attention. Geoff Kendrick, Standard Chartered’s digital asset research manager, says this network has ‘given away its value for free’. Adam McCarthy from Kaiko attributes the price drop to Ethereum’s lack of appeal to the general public. Carol Alexander, a finance professor at the University of Sussex, points to internal developer disagreements and a lack of user activity. Harikrishnan Mulackal, a former Ethereum Foundation engineer, criticizes the network’s governance and calls for stronger leadership and faster updates, warning that without these changes, Ethereum may stagnate.
