To be honest here, I have no idea how ETH isn't collapsing as people move their ETH to BTC or fiat or gold or whatever. I mean, how come people has still thousands of BTC on the ETH market? I have no idea beyond thinking marketing is a very powerful thing to raise the price of an asset.
I mean fuck, who believes in ETH long term after Vitalik Buterin told exchanges to stop trading to stop panic selling? I think this fact alone makes ETH something you can't trust.
Im waiting for Rootstock to see if it can replace ETH, but for now I would stay cautious with smart contracts stuff.
What I see is majority of ETH is controls by a handful of whales and insiders who want to destroy Bitcoin reputation. I think ETH is a useless vaporware scam and I will never touch it.