I think it’s time to have a serious discussion about the possibility of Ethereum losing its #2 spot. While Ethereum has performed well in past cycles, the times have changed and better tech has emerged. I think the key problem for Ethereum now is that it has a flawed design, and the devs are trying to find solutions around a poor technological design. ETH is too slow and too expensive, Solana has emerged as a better network, and now Sui has emerged as the best network. Tech will constantly evolve, and I think ETH is in the decline stage right now. I had hope that the spot Ethereum ETFs could lead to a rally, but Ethereum has failed to rally despite the ETF approval. The data suggests Ethereum is losing market share to competitors like Solana and Sui. I think the newer techs like Sui, Arkham, and Tao have much more growth potential, and I think older techs like Ethereum and Cardano are at risk of starting a decline phase. For those who want to remain bullish on Ethereum, I would like to see the current support zone hold around $2,200 – $2,300. On the way up I have $4,000 – $4,800 as a key resistance zone.

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