@taeluralexis my personal feeling is that it is an entry level cert, and as a hiring manager I would consider it a plus for entry level positions, alongside other entry level certs like Security+. Beyond entry level, the CEH probably doesn't do much good other than to check some boxes, and there are better certs for experienced specialists.
Certs can be useful to get past highly automated initial HR filters. There are a lot of paths to infosec, including certs, formal education, open source software dev, CTFs, home lab work, and lateraling in from adjacent fields (e.g., IT support). None of these paths is inherently better than the other, and ideally there should be some combination of several of them, but some automated HR systems have hard requirements for some of them like certs. Given that the tech sector downturn has made this all much more challenging, I'd say a cert would be a generally good idea, all other things being equal.
That said, it was not my personal route. I have never had certs. I came in to the field with a comp sci degree and some sysadmin experience at the turn of the century, and I had the privilege of a personal connection with someone at my then-prospective employer.