Its position is actually just as it was the 2nd largest and base on its marketcap its the 2nd too. Not much has changed except the price. Its growth is going to be gradual by now unlike bitcoin which could kick up fast then the rest of the tokens below it. Ether will be dominant later in time but as of now, those who wants to take a bite of its market are going to accumulate that it price will suffer just so they can get more of it.