Ethereum is the world's most important crypto that competes with Bitcoin, but it has been struggling among Altcoins for some time now.
Ethereum price
Currently, there is a bull run going on in the crypto market; many rival projects of Ethereum have made huge gains, but the price of ETH is still at the usual level in the ups and downs of bears and bulls at $2.2k-$2.3k. Due to this, investors are turning to other projects.
Vitalik's Mood
Except Vitalik Buterin, other founders of Ethereum have switched to their PoS projects, but Vitalik kept with ETH, changed it from PoW to PoS, and also focused on multiple upgrades to reduce the gas fees and increase transaction speed. But for some time, Vitalik has been acting like he is frustrated with Ethereum.
Optimistic Dencun
Ethereum Maximalists are not giving up; they believe that Ethereum is not hyped to run in the hype market; it is a serious project. Ethereum's Dencun upgrade is about to come, and Ethereum is providing stability. Ethereum analysts believe that the bull run in Ethereum may intensify after the Dencun upgrade.