Ether's price is up 6.4% since March 30, but still shy of the $2,000 mark. Blame it on the deflating memecoin market, which has left Ethereum's DApps ecosystem feeling like a deserted island. 📉

Despite Ethereum's dominance in DeFi and stablecoin holdings hitting $124.5 billion, traders remain cautious. Ether's futures premium is below the neutral 5%, and options skew shows risk-aversion is the name of the game.

Retail investors are playing it cool, with ETFs seeing $37 million in outflows. But with the Trump family backing ETH, sentiment could flip faster than you can say "blockchain."