Ethereum (ETH) Could Miss Out On This Bull Run, According To Developer

Ethereum developer Ryan Sean Adams has taken to Twitter to express his belief that ETH might skip this bull cycle. In a series of tweets on May 10th, Adams presented two perspectives on why Ethereum could miss out on the current bull run.

Adams characterizes Ethereum’s current state as one of “adolescence,” suggesting that the network’s complexity and relatively high transaction fees compared to emerging layer-2 (L2) solutions are deterring new users from flocking to ETH. As a result, investors seeking to capitalize on this bull cycle might opt for L2 projects, potentially overlooking Ethereum.

Despite the challenges, Adams also highlights Ethereum’s underlying strengths, emphasizing its position as the root of the “chain of 1000 chains” and its substantial profitability. He suggests that as the bull run progresses, investors might eventually recognize Ethereum’s true value, leading to a potential surge in price.

Adams also acknowledges the possibility that Bitcoin’s upward trajectory could eventually spill over to Ethereum, driving its price higher.

At the time of writing, Ethereum is trading at $2,914, down 3.5% in the past 24 hours, according to CoinGecko data.