Ethereum is not a shitty altcoins so this question is bullshit, I have no doubt that it will rise so much after this bear market ends. ETH is one of the best coins.
I hope you are right but compared to Bitcoin which is 70% down Ethereum is about 90% from ATH
That's right because the only thing that prevent bitcoin to be dumped more than altcoins because it can be considered as the best crypto to store our value while at the same time so many people are using altcoin to become money machine. Look at the market and it looks how it works today. people consider altcoin as the place to make money.
The altcoin market can't last forever. Especially because it's a zero-sum game. Bitcoin is great as an alternative to gold, that is it's killer app. It is unable to be influenced by state actors and it has a finite amount of coins. This is good for storing value during macroeconomic and geopolitical uncertainties. Altcoins really don't have a use besides making money, as you say. Whenever you make money in altcoins, you are making the money that someone else has lost. That is zero-sum. Eventually, people won't be able to make money with the altcoins anymore and they will just sell them off until they are 0. Who knows, maybe that is whats happening right now.