All the Etheric Light was locked behind activities that had no matchmaking so as far as I was concerned, Etheric Light never existed so I am not going to miss it.
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Technically that's not true as Iron Banner is all match made and so is level 28 PoE. I of course realize that level 28 PoE doesn't reward you directly with EL, but it does give you judgement house reputation. At rank 3 you start getting EL in your weekly packages from Variks.
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I don't do PVP so Iron Banner is out of the question and do you have any idea how little House of Judgement rep you get from doing the lv.28 POE, I learned very early on the in terms of raw mathematics POE wasn't worth my time.
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So, if you don't do PvP and you don't do any PvE activities that require bringing a fire team of your own, what would you need Etheric Light to ascend? The level cap on the weekly/daily heroic is 32 and the same goes for the Nightfall, should you choose to solo it (which also has a chance to reward Etheric Light).