Is Eth no longer viable?
No. Whether a project is viable or not is not determined in a bull market, but in a bear market. In a bull market, any garbage has the opportunity to be hyped, not to mention ETH.
The real reason why it is no longer viable is that it is not resistant to falling when it falls, and the ecosystem itself does not store value. But for now, ETH is still the place with the largest storage value, so at least in this round of bull market, there is no way to judge that ETH is no longer viable.
