$SOL Shocking Coin Circle】The former king is about to cool down? Ethereum is facing a 'crisis of faith'!

Ethereum, the giant that once dominated the world of smart contracts, is now standing at a critical juncture. By 2025, its price has nearly halved, dropping to around $1800, with multiple key indicators also lighting up red.

Once a standout, it is now being closely pursued by up-and-coming stars like Solana and Sui. These new chains not only attract a large number of users but also frequently break records in terms of activity, even surpassing Ethereum in some areas.

User enthusiasm is waning, internal divisions within the ecosystem are frequent, and rumors of core figures exiting have intensified market turbulence. Disputes among developers regarding upgrade directions have also filled the future with uncertainties.

Despite this, some institutions still hold hope for it, and some funds are quietly flowing in. However, whether it can maintain its position depends not on past glory, but on its ability to reinvent itself, accelerate reforms, and win back users.

This is a real battle for survival; can Ethereum turn the tide against the wind? The market is watching closely.