Crypto is a maturing industry, and most economic value is generated by financial applications - chiefly SoV. Non-financial apps, L2s etc. are great for consumers, but a vast majority of ETH's value will come from institutions/whales using financial apps on the L1 itself. See: BTC, still dominant with 0 scaling.

Yes, Bitcoin is a store, and Ethereum is for conditions they both will be utilized and  become settlement layers for international trade, and multimillion transactions eventually. Ethereum's true value accrual is a ways off, but when the capital flight of Finance from fiats starts to occur, it will be world changing.