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Ether bulls are looking to major developments like PayPal's stablecoin and Ether ETF filings to potentially reverse the stagnant price trend, but skepticism persists amid ongoing low volatility.

Ether has traded between $1,800 and $1,900 since July 21st, a remarkable lack of movement despite the recent launch of PayPal's Ethereum-based stablecoin and surging applications for SEC-approved Ether exchange-traded funds (ETFs).

While PayPal's crypto foray could indicate mainstream adoption, it also raises centralization and control concerns. Meanwhile, the flood of Ether ETF applications mirrors asset managers seeking spot Bitcoin ETFs, but approvals remain pending.

Despite seemingly positive factors, investors are wary of Ether rangebound for weeks. The developments offer optimism of a bullish turn, but uncertainty continues until catalysts like ETF approvals materialize or volatility returns.

For now, Ether investors await signs of life from stagnant prices. The PayPal and ETF news provides hope, but skepticism lingers on whether these potential catalysts can break the extended trading range.

Declining Ethereum DApp Usage Raises Concerns Amid High Fees
Ethereum is facing issues from surging gas fees, which are transaction costs on the network, leading to reduced decentralized app (DApp) demand and concerning drops in deposits and 1 users.

For two months, average Ethereum fees have exceeded $4, limiting DApp appetite. Total value locked (TVL) in Ethereum deposits has notably decreased, marking the lowest level in three years per DefiLlama.

While shifts occurred this past week, substantial reductions remain in Ether deposits, down around 12.9 million from 14.75 million three months ago. To gauge user impact, DApp utilization is key, although some like gaming don't require large deposits.

Active addresses using top Ethereum DApps dropped 25% in the past 30 days, signaling investors are dissatisfied with transaction costs. This declining engagement raises concerns despite potential stabilization of around $1,800.

High fees appear to be curtailing user activity and platform adoption on Ethereum. Unless addressed, elevated costs could continue hampering growth and platform competitiveness.