This cycle might not have been what people anticipated for $ETH, but no doubt the market and the Ethereum ecosystem has matured during this time. There's more and more large institutions looking to tokenize the world and Ethereum is still the main chain this happens on. I can't defend the price action this cycle, it has underperformed $BTC and many others massively. But long term I do believe Ethereum is here to stay and this cycle has been more of a transition period than anything.