I also got the same error when i upgraded to expo 53, before it was working fine. You can work around the incompatibilities by disabling package.json:exports in your Metro config.

// metro.config.js
const { getDefaultConfig } = require('expo/metro-config');

/** @type {import('expo/metro-config').MetroConfig} */
const config = getDefaultConfig(__dirname);

config.resolver.unstable_enablePackageExports = false;

module.exports = config;