Yes, the hardware (a cheap sponge, essentially) that the counter "protects" is easily replaced for little money - but you still can't just reset the counter.

https://epson.com/support/epson-ink-pads-reset-utility-faqs

For "North American users" Epson now offers a tool to reset the self destruct counter one, single, time.

There are third parties now, that offer a reset of the software destruct counter, for a fee.

The fact that a printer sold as "Eco" has a software self destruct that the user requires an unlock key to reset - an occurrence frequent enough to make it a profitable business for third parties to sell such keys - should tell you all you need to know about these printers.

I couldn't confirm, but there supposedly are more premium models with user serviceable waste ink tanks that don't have a self destruct, but most consumer models very much have this limitation.