Back when ETH did the change to its money supply algorithm to be deflationary, a lot of people correctly pointed out that they can just change it again.

And they did, so now it's back to having a similar supply distribution rate as bitcoin, but with fewer reasons for anyone to want to hold it long term relative to bitcoin, and with more competition nipping at its heels than bitcoin.

https://m.primal.net/KpBk.png 

https://m.primal.net/KpBf.png