Recently, the market has some concerns about the prospects of Ethereum (ETH), mainly for the following reasons:

1. **Grayscale selling pressure**: Grayscale Investments (Grayscale) continues to sell Ethereum, resulting in increased selling pressure in the market in the short term, making it difficult to break through the current price range.

2. **V God propaganda and currency price decline**: Despite frequent voices from Ethereum founder Vitalik Buterin on social media, the price of Ethereum has not been boosted, which may trigger market speculation about the possible continued selling behavior of the Ethereum Foundation.

3. **Question of pledge mechanism**: The market has doubts about the pledge mechanism of Ethereum, especially the proposal to lower the threshold for validators may lead to large investors harvesting retail investors, and ordinary investors may suffer losses as a result.

4. **Deflation problem is not solved**: Although Ethereum has a destruction mechanism, the Layer 2 expansion plan may absorb liquidity, and with the annual issuance, the inflation problem still exists. The decline in miners' income and the slowdown in ecological development may have a negative impact on the long-term price of Ethereum.

Despite these challenges, the solution of these problems may also create opportunities for the future development of Ethereum. The key is whether Ethereum can break through the current bottleneck and rebuild market confidence.

In addition, the decline in Ethereum's DApp activity and weak demand for spot ETFs may hinder its future price gains. Despite the price increase, investors were disappointed with the newly launched Ethereum spot ETF, and the market demand for Ethereum began to weaken. At the same time, Ethereum's transaction fee income showed an upward trend, but it fell in August, which may reflect the market's concerns about the future value accumulation of ETH.

In such a market environment, investors need to be cautious and pay close attention to the future development and market dynamics of Ethereum in order to make wise investment decisions. At the same time, it is also necessary to pay attention to the long-term potential of Ethereum and the long-term market demand for ETH, which may bring new development opportunities for Ethereum in the future.