Samson Mow’s Stark Warning: "Ethereum’s Long-Term Appeal is Dead—Prepare for a Brutal Dump"

Ethereum bulls, brace yourselves—Samson Mow just dropped a grenade in the crypto chat. The industry provocateur claims ETH’s long-term viability is circling the drain, with a vicious sell-off looming. Here’s why he’s betting against the second-largest crypto.

### The Bear Case: ETH’s Fatal Flaws Exposed

Mow’s argument hinges on Ethereum’s creeping centralization and fee volatility—two problems Bitcoin maxis love to weaponize. "No one wants ETH in the long run," he sneers, painting a picture of developers and institutions quietly jumping ship.

### The Coming Liquidity Crisis

If Mow’s right, we’re staring down a perfect storm: shrinking institutional demand meets retail panic. The result? A liquidity black hole that could make 2022’s crypto winter look like a mild chill. (Cue the hedge fund managers suddenly "discovering" Bitcoin’s virtues.)

### The Counterargument—Or Lack Thereof

Ethereum loyalists will scream "FUD," but Mow’s timing is suspiciously sharp. With ETH’s upgrade cycle hitting roadblocks and L2s eating its lunch, even true believers are sweating. As one VC whispered: "We’re all just waiting for the next shiny object."

### The Bottom Line

Whether Mow’s prophecy becomes self-fulfilling or just another crypto hot take, one thing’s clear—Ethereum’s "ultrasound money" narrative just got a stress test. And Wall Street? They’ll short it either way, because nothing makes trad-fi happier than a good crypto carcass to pick over.

Crypto markets kicked off the week strong, but it’s been especially sweet for Ethereum! 

ETH has gained tremendous momentum over the past few weeks and recently crossed the crucial $4,000 mark after 8 long months. More institutions are stacking up ethereum in their treasuries, which shows rising confidence in its long-term value. 

Co-founder Vitalik Buterin has recently proposed EIP-7999, a game-changing upgrade that simplifies Ethereum’s fee structure by allowing users to set a single maximum fee for transactions, boosting Optimism around the network. 

While many are excited about ETH’s potential, a critical few remain skeptical. Here’s Samson Mow’s brutal take. 

Samson Mow Warns of ETH Pump-and-Dump

Not everyone is buying the hype around Ethereum. Samson Mow, CEO of JAN3, says the recent ETH rally is driven by Bitcoin whales, many early ETH insiders, rotating BTC into Ethereum to pump new narratives like “Ethereum treasury companies.” 

Once prices peak, they will sell ETH to new buyers, creating fresh bagholders before moving gains back to Bitcoin. In his words, “no one wants ETH in the long run,” and investors should plan accordingly.

Let me explain what’s happening with ETHBTC.

Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s).

Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational…

He also believes that Ethereum will struggle to break its ATH as selling pressure rises, and added that it has long been used mainly to accumulate Bitcoin since the ICO era.

Will Ethereum Bring Altcoin Season Soon? 

Ethereum supporter Anthony Sassano called Mow an “old school bitcoin maxi” and dismissed the criticism. He says that this criticism actually highlights Ethereum’s strength and signals positive growth ahead. 

Likewise, many analysts remain bullish on ETH. Fundstrat’s Tom Lee says that Ethereum is having its “2017 Bitcoin moment” and could even flip the world’s leading cryptocurrency eventually. 

Analyst Ali Martinez says that it’s not a market top yet for ETH as MVRV metrics show there’s still room to run. He notes Ethereum’s net capital change has just surpassed Bitcoin’s, calling it the clearest sign that altcoin season has officially arrived.

Ethereum $ETH net capital change has just surpassed Bitcoin $BTC. This is the clearest signal yet that altcoin season is officially here! pic.twitter.com/LNEbZ6nVOu

Investor Ted Pillows expects a market rotation ahead. He sees Ethereum breaking its ATH and sparking an altcoin rally, then money moving to BTC toward $140K. In the final phase, he sees ETH and altcoins rising again in a euphoric finish.

Key Levels to Watch for Ethereum 

Michael van de Poppe notes that Bitcoin is nearing a new all-time high but expects a pullback before moving higher. Such a MOVE could trigger a sharp dip in altcoins. While Ethereum has strong momentum and could continue upward in the coming months, he warns it may stall after the recent surge.

For Ethereum, the levels to watch are $4,100 and $3,950. Losing these could lead to further downside.