The recent loss of momentum in Ethereum (ETH) can be attributed to two main factors: first, the vampiric attacks from the Restaking sector on Layer 2 technologies, leading to a diversion of resources within the ETH ecosystem and limiting application development; second, the key opinion leaders within the Ethereum ecosystem are gradually becoming more elitist, forming an interest class, and the lack of incentives has resulted in a stagnation of innovation. Despite facing challenges, the long-term outlook for ETH remains optimistic, as its positioning as a decentralized execution environment has not changed; it simply needs to integrate resources and promote application development, and the future still looks bright.

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