Fred Krueger, a proponent of Bitcoin, has expressed worries about Ethereum’s underlying patterns and possible obstacles in terms of regulations. Krueger’s comments, posted on X, highlighted significant data on Ethereum’s network activity and transactional usefulness. Concerns have been raised about the decreasing utility of Ethereum. Krueger’s criticism brought attention to Ethereum’s steep price increase, particularly reaching a two-year high, while also noting a decrease in network activity. Even though the price of ETH has risen to $3,000, Krueger observed a large decrease in Daily Active Users (DAUs) from 120,3613 in 2021 to only 66,000 in the previous year. The drop in DAUs raises concerns about the market sentiment towards Ethereum as a bearish trend may be developing. The Bitcoin Maxi pointed out a decrease in user engagement on the popular decentralized exchange protocol, Uniswap V3, which is a leading app on the blockchain. This decline was seen as a significant issue concerning Ethereum’s past user activity. Krueger bemærkede: Uniswap V3, the leading app, has just 16,000 daily active users. I recall that in 2020, this figure was 60,000 or higher.