This continuous quarrel about ETH makes me think deeply about it. There are, not sure but I think, over 6000 cryptocurrencies over there and the significant part of them ERC token. This means there is a strong base coming from ETH. However, these projects create a dumping point for the ETH since their ICOs and sales are making with ETH. Is this going to be a strong ground but lower price vicious circle situation? Will there be a chance for ETH to rise beyond its ATH?
I personally don't think any token or coin will replace ETH soon but... There is a strong but here.
I think ETH is a very strong project and will very likely recover. Smart contracts are a huge part of cyrpto, and ETH is by some distance the best smart contract platform we have. Yes it is not perfect, but ETH along with much else in crypto is constantly evolving.