Ethereum has not been able to become the main rival of Bitcoin in terms of saving value and exchange rate (as Asset). Fundamentally it has indeed been approved by several major factors, for example with the EEA (Enterprise Ethereum Alliance) association which has been formed with many companies incorporated in it such as Microsoft, Inter, and CME Group which recently joined.
It's true that Ethereum still can't become a rival for Bitcoin. The current decline is very influential on the value of Ethereum.