Ethereum looks very Bullish now and likely to hit 4K in few days if Bitcoin remains Bullish. Once Ethereum's major upgrade occurs sometime in late 2021 or early 2022, one simulation estimates that the circulating supply of Ethereum could shrink by around 1.4% each year at current rates of fee burning. Is this the right time to collect eth and wait till upgrade happen?.
I don't think so, with all of the problems in the background and the continuous user/Dapp's developer's exodus, I believe Ethereum has become riskier of dumping, more than before due to many whales that control it now. the monstrous fees on Ethereum Network are the living testament that Ethereum will no longer be the Blockchain of the masses. All of those so-called upgrades are useless. if the masses can't use it because the fees are so expensive. and that's my opinion about it.
Well, many still bought up ETH (when it dip) and placed their bet on ETH 2.0 and the promise of solving all the problems you are talking about on ETH 2.0. So it was really how much trust and hope investors have for ETH to justify buying it. I think your opinion is valid as anyone since there, just 'promise' or betting on something incoming like ETH 2.0 is still risky.