The possibility of that happening is sure, cause every project is doing what is needful to be at the top of the leaderboard, and any reduced operation has its effect to the project and its competitive nature with other projects in the market.
What we will only say that could be a factor to the price is nothing else than Time, cause there are lots of projects that has good plans for the future and with these plans being worked upon, time will be the only factor left.
Binance and Uniswap are two coins that are pushing high and hard, and in terms of price, ETH could be way far of more value but with time. And as Binance now has its own Smart Chain (BSC), this is a more pressure to the ETH platform, and which should be a good reason to hold strong its place.