Is Formula 1 at it's lowest point?

I have been following the sport for over 10 years and I don't remember a more boring era than the current one, where Mercedes literally crush all of their rivals with so much ease. The whole thing has become a battle of teammates that are racing under strict orders that barely allows them to attack each other, making the races terrible to watch but the intervention of some kind of crazy incident or the weather that can actually shake things up a bit.