I think as soon as eth doesn't outperform in a bull market the entire narrative will be dead. The overwhelming majority of people who hold eth care nothing about the eth ecosystem, they just think they got in early on the next bitcoin. Once eth languishes while Bitcoin rockets they will dump eth. I don't know how many times I have heard someone say stupid things like bitcoin can only 10x in the next bull run, while other coins will 100x or 1000x.