- Samson Mow says Ethereum’s market struggles now appear increasingly difficult globally.
- Ethereum’s Layer-2 expansion continues reducing activity across the network’s primary blockchain.
- Vitalik Buterin pushes infrastructure improvements as institutional Ethereum losses continue growing.
JAN3 CEO and Bitcoin maximalist Samson Mow has criticized Ethereum as the network continues struggling with weak market performance, declining investor confidence, and growing concerns surrounding its long-term structure within the cryptocurrency industry. According to a recent post on X, Mow admitted that despite years of criticizing Ethereum and its ecosystem, he now “felt sorry” for the network because the situation surrounding the second-largest cryptocurrency continues deteriorating across several important areas.
His comments surfaced while Ethereum traded between $2,000 and $2,150, a range that many investors now consider disappointing considering Bitcoin continues attracting stronger institutional demand and maintaining better overall market momentum. At the same time, Ethereum’s ETH/BTC ratio dropped to 0.027, marking one of its weakest levels in recent years and reinforcing concerns that capital continues rotating away from Ethereum toward Bitcoin as investor sentiment weakens further.
Additionally, Ethereum continues facing criticism tied to its aggressive Layer-2 expansion strategy because networks including Arbitrum, Optimism, and Base now process substantial portions of user activity outside Ethereum’s primary blockchain infrastructure.
Consequently, demand for Ethereum’s base-layer gas fees has weakened significantly because users increasingly rely on external rollup ecosystems, while several critics now describe the trend as “L2 cannibalism” because Ethereum’s own scaling solutions continue diverting activity away from the main chain.
Also Read: Collector Crypt (COL) Price Prediction 2026–2030: Can COL Hit $1 Soon?
Ethereum’s Institutional Pressure Continues Expanding
Ethereum’s weakening market structure has also created problems for institutional investors, particularly firms that accumulated large ETH positions before the latest decline accelerated across the broader cryptocurrency market.
Reports revealed that Tom Lee’s company BitMine Immersion Technologies currently faces massive unrealized losses tied to its Ethereum holdings after reportedly accumulating ETH at an average price near $3,850 before the latest downturn intensified.
Meanwhile, Ethereum co-founder Vitalik Buterin recently outlined a new direction for the network, explaining that Ethereum must strengthen decentralization, improve consensus systems, and focus heavily on reliable infrastructure development moving forward.
Ethereum continues facing mounting pressure from declining market dominance, institutional losses, and criticism surrounding its scaling structure, while Bitcoin maintains stronger momentum as Ethereum struggles to restore broader investor confidence across the cryptocurrency market.
Also Read: Ancient Bitcoin Whale Moves $203M BTC to Trading Firms, Market Reacts Overnight!
The post Bitcoin Maximalist Admits Ethereum Crisis Looks Worse Than Investors Expected appeared first on 36Crypto.