Is Ethereum Facing a Crisis of Trust? The Rise of L2 is Eroding ETH's Value!

Once the king, ETH is now undergoing a storm of confidence! Ethereum's value proposition is being weakened, and investors are beginning to question the long-term growth logic of ETH.

The ETH/BTC ratio has fallen to 0.02260, hitting a nearly five-year low! Data shows that the expansion of L2 and rampant token issuance are eroding the economic model of the Ethereum mainnet, causing more and more funds to flee from ETH.

L2 Prosperity, ETH Damage?

Ethereum's second-layer scaling solutions were supposed to help the ecosystem grow; however, they are siphoning liquidity and revenue from the mainnet, leading to an increasingly fragile economic foundation for ETH. Can ETH's scarcity and burning model still support its investment value?

How can Ethereum reverse the decline?

Whether ETH can reshape its market appeal depends on how the **core development team optimizes the economic mechanisms and finds the balance between L2 prosperity and ETH value stability!** The market is waiting for answers, and ETH's future may lie in the next major upgrade! #bnb #TUTUSDT #fun #ADA #DOGE $ETH $ETH $XRP