It is obvious that we are in bear sentiments isn't it?

So there is no amount of hype that can make a token rise in this cycle right now, not even Bitcoin and Ethereum. If there is, expect that it is just pure pump and dump.

Yes, it's good Ethereum supply is getting limited, but if there are non buyers, this news will not affect it's price and it boils down that investors are not willing to buy because of the negative sentiments.