Yes but if eth gets adopted by the masses more so than bitcoin then a higher price can certainly be justified. I am aware of the issue you bring up but price and supply don't necessarily move in lockstep.
OK, but isn't being adopt. It's 99,999% speculation.
May be? I don't know and nobody knows. Since January ETH skyrocket thanks to Bitcoin storm, aside the hype.
I have ETH, I think this shitcoin will return a good reward this year. Only need more negative news from Bitcoin war, and these war is far from over.