Fred Krueger, a seasoned Bitcoin BTC/USD trader and advocate, on Monday declared a pessimistic outlook for Ethereum ETH/USD, suggesting that the “ETH story is dying.”

What Happened: In a series of critical observations shared on his X (formerly Twitter) handle, Krueger highlights several adversities currently facing the Ethereum ecosystem which could potentially undermine its position in the cryptocurrency market.

Mounting Challenges For Ethereum

According to Krueger, Ethereum’s narrative struggles are manifold.

The Ethereum Foundation is reportedly under investigation, details of which are still emerging, potentially casting a shadow over its governance and operational transparency….

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