I think there are 3 dimensions to understanding Ethereum’s struggles: regulatory, technical, and cultural. I believe the most critical to solve are the cultural issues.

1. Regulatory - Ambiguous status of ETH as commodity vs. security. With the new political landscape, this is no longer an issue, and builders should feel comfortable using Ethereum as the base layer from a legal perspective . ✅ 

2. Technical - fragmentation from rollup centric roadmap; infinite state bloat, etc etc. I’m actually not too worried about this. Teams like @base have some of the smartest people in the world working on interop, scalability, and related issues. To the extent there are existential technical problems, they are actually an outgrowth of the underlying cultural ones. ➡️