Bitcoin’s history is fundamentally different.

-Ethereum started off with a presale/premine. Bitcoin did not.

-Ethereum abandoned POW for POS, which is much more beneficial to insiders.

-Ethereum has a history of chain rollbacks in response to a security compromise (DAO hack)

-Ethereum has a centralized foundation and clear leaders (Vitalik) controlling development. Bitcoin does not. Satoshi disappeared ages ago, and the Bitcoin Foundation long since disbanded.

-The Ethereum community has a long history of slimy pump and dumps. ICOs, DeFi, DAOs, NFTs. Literally thousands of scams launched on top of ETH.

-Ethereum has had countless hard forks (consensus changes). Bitcoin is almost impossible to change.