after how things played out I kinda believe that ETH won't be leading anything this time around, price plummet against BTC and SOL due to recent surge of SOL demand from trump's meme coin launches, and there's feud on twitter.
is it even still a good investment? i hold plenty, staked it as well for that juicy APR, but i kinda doubtful that ETH is the play here.
this chart pretty much sums up what's been happening toward ETH this time around

It seems that this cycle will be led by Solana, BTC and XRP as a form of bullish market crypto because those coins out perform Ethereum so far, ETH tends not to move much at the best moment, on the other hand also Vitalik has not made updates on the Ethereum network which is still fairly expensive in interaction on the network, although we can still use L2 but L1 activity is also still very much needed for some people to interact with existing dapps.
I myself have ETH to play in the new product, but I highly doubt that ETH can reach the new ATH in this cycle easily.