Layer-2 networks draining value from main network & excessive token creation hurting ETH investment

From Cointelegraph

March 29, 2025 01:41:00 AM:

Ether’s declining appeal as an investment is attributed to layer-2 networks draining value from the main network and consensus on excessive token creation. The ETH/BTC ratio is at its lowest level in nearly five years. Despite optimism for Ether reaching $10,000, Standard Chartered revised their 2025 price estimate to $4,000. Some traders remain bullish on Ether.

Read more at Cointelegraph: Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC