I think eth is a useless shitcoin. But the number of bitcoiners who were dancing on eth's grave the last few weeks about the btc/eth ratio have suddenly gone silent after eth has massively outperformed bitcoin price over the last couple days.
Too many ppl forget that these markets are still way too small and traders on the edges control price. They inevitably rotate out of bitcoin into "faster performing" garbage at some point in the cycle.
Additionally, Trump is clearly a shitcoiner and his election will benefit eth and the rest of 'crypto' dis-proportionally more than he benefits bitcoin. It should be no surprise to see bitcoin dominance go down over his presidency.
Finally, Larry Fink and company will start pushing eth at some point too once they finish milking what they can out of the bitcoin etfs...