Please FUD ethereum to me from an ethereum holder.

I want to understand, if my investment thesis is wrong and all the folks who are convinced that ETH is going to underpreform on the BTC/ETH ratio are right over this market cycle I want to know why.

From my perspective I see the most well developed, genuinely decentralized, most user friendly, most TVL, low inflation/deflationary, highest daily transactions (higher than BTC) layer 1 blockchain with working audited DAPPs that have real users. ETH is also the only smart contract enabled blockchain that is in the process of getting an ETF right now.

I don't hate BTC, I hold some BTC and have for years. I simply want to know why people so fervently rag on ETH despite literally every fundamental metric being positive for it? Most of these alt layer 1s aren't decentralized which completely undermines their value and bitcoin doesn't have smart contracts and it should be glaringly obvious that smart contracts are the future by now. Literally 9/10 if not more blockchains on the market right now are smart contract blockchains.

Anyone who responds to this with something equivalent to "smart contracts bad" don't bother replying. I know you are wrong EY global is building a layer 2 on ETH right now, the ECB has launched bonds on ethereum, and there there is clear demand for smart contract blockspace. This is indisputable.

What I am interested in is nuanced replies. Do you think ETH's monetary policy is bad? Why? Do you think some other L1 blockchain has a different model that will genuinely be groundbreaking for user experience without sacrificing decentralization? Is there some other glaring piece of information that the ethereum community is sticking their heads in the sand about just like how the bitcoin community has refused to upgrade the protocol, refused to acknowledge the importance of smart contracts, and generally shies away from potential future MEV problems in bitcoins economic model?

Again this is not a bitcoin hate post, I hold bitcoin, it has a clear value proposition as a store of value and imo hedge against hyperinflation. I'm not debating that. I just want a real intelligent reason for why people are often so bearish on ETH outside the ETH community and the best parallel I can give is things I'm aware of that the bitcoin community ignores.

EDIT: Thanks for the replies everyone. I will try to reply to as many people as I can as soon as I can. I didn't expect this thread to attract this much discussion and genuinely appreciate you're time. I went to bed a few hours after posting than had work today and am eating dinner now. Sincerely everyone have a wonderful day and even though I'm seeing lots of a disagreements in the comments, we're all in for a good bull run and it's nice to be along the ride with you!