I honestly do not get Ethereum. It has been like, what 7 years? And all this "activity" inside that ecosystem hasn't produced a single widespread use case that extends beyond profligate speculation and outright fraud. Getting excited about a new narrative in Ethereum is like watching some boomer get excited about a new slot machine in the Indian casino up North.
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To be fair, Bitcoin has been around for double that, and 99 percent of the world can't name a use besides speculation.
I think the difference is that bitcoin IS the product, and far more people can at least tell you what bitcoin is for (even of they don't agree that it fulfills that purpose), and it's far easier to demonstrate that usage outside the cryptic casino (e.g. capital flight, wealth preservation in the global south, etc...). Ethereum is supposed to be a platform of products, except hardly anyone knows that, and so far, it's largely been used to speed run the last century of securities fraud.