The last round was DeFi making a group of people wealthy, then in November 2020 BTC surged and drained wealth, and by the end of December ETH and other Altcoins started to rise. This continued until April 2021. BTC peaked a bit earlier than others.
This round is memes making a group of people wealthy, and this month BTC surged and drained wealth, and it is expected that by the end of December ETH and other Altcoins will all rise, continuing until the end of Q2 2025.
It's not about the narrative of BTC or SOL, it's not about how hard the Sui and Sol teams are working, and it's not that the ETH sector is failing, it's just that the time has not come yet.