With Ethereum's renewed focus on mainnet scaling, it could position ETH as a more attractive asset during global instability. Instead of the expected crash, we might see smart money flowing into established crypto networks with actual utility.
The thing with Ethereum is that they've lost a lo of investors already, and then they have a lot of competitors as well, that's why they didn't enjoy the support that they used to have before.
And look at today's price, it's way below at -63% of the previous price. So that is huge inflows of money to even stay or reach it's previous high of $4900. Not saying that it can't be done, but with the way it move in the last couple of years, it's very hard to see how they are going to do with with a lot of noises in the background.