Ethereum’s rebound is pretty sharp, but it doesn’t really feel like we’re at the point where the bull market is back yet. On-chain activity is lively, but it’s still only certain schemes and the kind of leveraged setups—those same kinds of “situations”—that can actually move upward. Other than the people who keep pushing inside the circle, I can’t think of what these things could do to attract any new users to come in and play.