It's still too early to portend a bad omen for Ethereum. Much remains to be seen in this year 2021, however, Ethereum could go wrong from all of this.
The growing popularity of NFT tokens and the current rivalry with other blockchains that Ethereum maintains, especially with Binance, is putting their sustainability in the medium term in question.
The Ethereum network is still the most used but also the most congested, the most saturated and the most expensive of all. Terribly expensive, so much so that it makes you angry and cranky. Personally, I have a lot of anger on this matter. What the miners are doing is abusive. With every day that passes I keep thinking that Ethereum is not as decentralized as it seemed. The whales control everything and so do the big corporations with their hundreds of mining teams.
They try to make us believe that the miners who maintain the network are hundreds of honest workers who earn small salaries from the rewards in the blocks when a transaction is completed, however this is not the case. There are 4 whales that maintain the business and their greed is so great that it even casts a shadow in the sun itself.
They have so much power that the possibility of modifying the EIP-1559 update is being considered, which aims to change all this, allowing Ethereum to be deflationary, decongest the network and reduce commissions. So far, this protocol is still under way with a view to being launched in July, but the establishment of EIP-3369 is being considered. This protocol will keep things as they are now but will decrease rewards per block and commissions over the course of 2 years. A friendlier alternative for miners.
Despite everything we are experiencing, many platforms and Dapps are adopting other blockchains, anticipating a possible Ethereum crash. Polkadot, Matic, Moonbeam, Binance, Neo ... They are all good and can dissolve the strong Ethereum community into little bits.
What is clear is that it is intolerable that the Ethereum network continues like this and if it does not change, many DEX such as Uniswap, Sushiswap or 1inch, among others, are going to have a bad time. What's more, some are already preventing a possible infection and are getting stronger by creating alliances with Binance Smart Chain and Matic.