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On October 17, 2025, Ethereum (ETH) is trading around $3,870, marking a decline of approximately 3.92% from the previous close. The intraday high reached $4,076.22, while the low dipped to $3,835.35. This downturn is part of a broader cryptocurrency market correction, with the market losing over $100 billion in just three hours.
Kevin O’Leary Criticizes Ethereum Scalability and Gas Fees
Canadian businessman and “Shark Tank” star Kevin O’Leary recently stated that Ethereum “cracks” under pressure as real-world adoption increases.
He highlighted network congestion, claiming that transaction fees are excessively high, joking:
“It’s like paying a thousand-dollar toll to drive on a one-lane highway.” His remarks ignited debate among crypto investors and Ethereum enthusiasts.
Ethereum Community Pushback on O’Leary’s Claims
Ethereum advocates were
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