Although one would anticipate that the price of ETH should increase given that the supply has decreased by over 5,500 since last Saturday, for some reason, ETH prices haven't exactly seen the coresponding price boost despite lowered supply.
Why hasn't this had a beneficial effect on the price of ETH?
Not just because a certain event happened that is expected to bring the hype, it should be supposed to fill up the expectations of most people.
That's the problem when there's anticipation, if the expectation didn't happen, everything will now question what happened and that doesn't have really an accurate answer, to begin with.
Maybe just lower the expectation as there's no overnight good progress. Instead, Try to look forward in the long term.