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International Business Times
International Business Times
Business
Isaiah McCall

Ethereum's Founder Just Admitted His Own Scaling Plan Failed. What Happens Next?

Ethereum Vitalik Buterin Bitcoin ETF IBTimes US
Ethereum's Founder Just Admitted ETH Has Failed. What Happens Next? (Credit: IBTimes US)

Ethereum is trading around $2,100 in May 2026, still stuck below its 2021 peak of nearly $4,900. While Bitcoin surged past previous highs on the back of ETF approvals and institutional buying, the second-largest cryptocurrency has spent the better part of two years going nowhere.

Then Vitalik Buterin made it worse.

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