Ethereum faces challenges in 2025. Despite the bull market, its token $ETH remains below historical highs, and its value continues to decline relative to Bitcoin. As competition among Layer 1 networks intensifies, many are questioning the future of Ethereum. While Ethereum holds a significant position in decentralized applications, smart contracts, and decentralized finance, emerging blockchains have surpassed Ethereum in certain key areas. Issues of economic sustainability and usability have raised doubts about its future. Cointelegraph interviewed experts to understand the current state of Ethereum and its future potential.