It seems like ETH has always been a favourite of many crypto users or even the majority of crypto users. Because we have to admit that the hype on the ETH network has never died out. If their Layer 1 doesn't have an event then what happens is that their Layer 2 creates an event and creates hype. Like Arb and others. So trading on everything in the ETH ecosystem sometimes rarely makes me disappointed. Because the hype never seems to stop. It's just that we have to know which way the narrative is moving.
The long term is still Bitcoin and the short term is altcoins.
Maybe this is a little off-topic because we are talking about ETH.
ETH has a strong ecosystem, being the pioneer of many emerging chains today and being the parent of all Layer 2, layer 3 etc. Chains.
So any project in the ETH Ecosystem will have better value, but certainly thirsty for projects that are really fully supported and have good hype.
Holding ETH for the long term is just like Bitcoin, because ETH follows the price of Bitcoin.
ETH for me is a long-term investment because it's almost like Bitcoin, it has a strong community and the development of ETH is getting better.