There is no gainsaying about this, that Ethereum is truly the king of all altcoins.
Ever since XRP took over the 2nd position, i knew it was not going to last. The updates that were being announced were just taking profits.
Inasmuch as cryptocurrency and blockchain technology is concerned, decentralization will always take the lead, because that was the purpose of creating blockchain.
This is just the beginning. The Bakkt approval has not yet been lunched, other proposed milestones have not started and this is happening (eth on position 2).
What if the updates are eventually integrated, we might see ethereum at 0.05 BTC per ETH.
At this moment, despite of the negative market behavior, Bitcoin still, is the 'king' of all cryptos. Indeed there is an expected hardfork in Ethereum this year and it could be its chance to be on top of the cryptos but since it is still only a possibility at this point, there's no assurance yet, so we better just wait for things to occur and hope that there will be positive changes in the market behavior not only for ethereum but to the whole cryptomarket or as for the majority of crypto industry.
Even with the hard fork of Ethereum , there is no possibility that it can replace or overcome bitcoin. Bitcoin is the main currency and no other currency can overcome it. Many new projects are coming up and some have even more features than bitcoins, but none of them is in a position to come even near the bitcoin.