You say ETH has no value? You know 90% of coins are eth20 coins right? ETH will pass his all time high soon. The rise of ETH is healthier this time cause we see more side movements which is good.
Most of the coins now use eth blockchain in their contract, but now eth has its big competitors named binance chain and polkadot. But ak believe that when bitcoin pumps it will be the same for the eth, but takes some time. I don't know if the eth 2.0 is already released with this we can expect that eth will continue to grow higher and higher maybe what we can see in the market is just a dip, sooner or later it will show more patterns that can help us to say what will be its next movement.