Ethereum Faces Challenges Amid Ongoing Technological Upgrades

According to PANews, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, has commented on Ethereum's current situation, describing it as experiencing a 'midlife crisis.' Ethereum is undergoing technological upgrades aimed at increasing its appeal to a broader audience. Despite these efforts, Ethereum, the world's second-largest cryptocurrency and blockchain, has seen its price drop by 40% over the past three months due to competitive pressures. Ethereum's performance has lagged behind other major cryptocurrencies like Bitcoin, highlighting a decline in investor interest. While Bitcoin has established itself as digital gold, Ethereum struggles to capture the same level of intrigue among investors.