I think ezca.Ezca().write() takes the string "CAM-ETMX_SNAP" as an argument and not C1:CAM-ETMX_SNAP. See this, line 47. Are you sure this is not the problem?
The camera server keeps throwing the error: failed to grab frames. Milind suggested that it might a problem with the ethernet cable, so I even unplugged it and connected it again; it still had the same issue. One more thing I noticed was, it does take snapshots sometimes with the terminal command caput C1:CAM-ETMX_SNAP 1, but produces a segmentation fault when ezca.Ezca().write(C1:CAM-ETMX_SNAP, 1) is used via ipython. When the terminal command also fails to take snapshots, I noticed that the SNAP button on the GigE medm screen remains on and doesn't switch back to OFF like it is supposed to.