Awakened, the pancake has already reached a new high of 124,474, and Ethereum is also at a recent high of 4,783, just under 100 U away from its historical peak. However, there seems to be no cheer. Upon closer inspection, it's probably because the leading altcoins are still barely alive. L2 has indeed risen significantly thanks to the Ethereum narrative, but it is still at a level of a temporary rebound from being oversold.