Why do many people have reservations about Ethereum?

Despite Ethereum's significant position in the crypto space, recent criticisms have mainly focused on the following aspects:

**Declining Coin Price and Concerns Over Foundation Selling**: Although Ethereum founder Vitalik Buterin (V God) frequently promotes Ethereum, its price has not significantly risen and instead shows a downward trend. This has raised speculation about whether the Ethereum Foundation is selling ETH, with some even suggesting that further selling may occur in the future, leading to investor unease about the coin's price outlook.

**Inflation Issues Not Fully Resolved**: Although the EIP-1559 burning mechanism has been implemented on Ethereum, there is still an annual issuance rate of about 0.265%. If the future burning rate cannot be effectively increased, inflationary pressure may arise, affecting miner earnings and overall ecosystem health, thus negatively impacting ETH prices.

**Grayscale ETHE Selling Pressure**: Grayscale's ETHE product faces ongoing selling pressure, which will take time to digest. Investors need to be patient with this short-term market volatility.

**Controversies Over Staking Projects**: Among the staking projects on the Ethereum chain, some have sparked controversy by attempting to lower the minimum staking amount for validators. Such actions may benefit large holders first, while retail investors could become the victims, raising concerns about the fairness and security of staking projects.

In summary, although these factors lead some to have a skeptical attitude toward Ethereum's future, this does not mean that Ethereum lacks potential. It remains an important part of the blockchain space, but it needs further optimization in the face of challenges to ensure its long-term development.