Ethereum has recently been "besieged" by many in the community due to slow progress and weak coin price performance. However, cryptocurrency researcher Ignas believes that this situation is bullish for Ethereum because although the market is generally bearish on it, the community is still concerned about its future. It is only when people give up and leave that Ethereum truly falls into trouble.

Ignas wrote on the social media platform X last weekend:

The positive factor of Ethereum is that everyone is so bearish on it, but the community still cares. Anger, frustration, disappointment... This shows that the community still cares about the future of Ethereum, and I am the same. What we need to avoid is apathy - when people completely give up and leave, the community no longer exists

Ignas Taking Cosmos as an example, it seems that the L1 memory blockchain has reached a point where people are indifferent, even though the price of its native token $ATOM is very low, people no longer care, they sell and leave.

However, Ignas warns that although Ethereum has not yet reached this predicament, "bad signs are emerging". Ignas continued by stating:

If the Ethereum Foundation cannot turn the situation around and the community no longer cares, I hope by then I have cleared all $ETH. Without the community, Ethereum will come to an end

Related articles: "Leading projects collectively 'pressure the palace', Ethereum Foundation remains unmoved", "Vitalik calls for Layer 2: return to support ETH under public pressure", "Wall Street insists on short selling Ethereum! Ethereum short position surges by 40% in one week"