Seems like a fair analogy. I do wonder why people still go for it when there are so many viable alternatives, maybe that's why chains like Sol have done so well, people (mistakenly or not, I don't know enough about it) see it as a viable alternative....?
Certainly for me, I've got bits and pieces on ETH, a few coins worth a few hundred dollars but I haven't cashed them out as I can't stand paying the fees!
The best ETH I've got is on Kraken, which I moved from Coinbase following my refund from Celcius. I say it's the best because I can sell bits and bobs of it for a small tx fee, on the exchange!