Here are some of my initial thoughts:
Eth already has the best Reputation, and best Infrastructure, Competitors like Solana have gone down so many times, eth hasn't BUT gets congested.
Since Eth has been around so long, it already has the best reputation in terms of security.
Eth already has the best infrastructure, I.e. Defi, NFT, Developers, Transparency app's, Block explorers, on chain metrics etc.
Eth already has superior liquidity.
If they truly improve on:
Faster Transactions
Cheaper transactions
Could this send a positive shockwave through all of crypto?
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