No, ETH is not equivalent to saying $\mathit{NP} = \mathit{EXPTIME}$.
While ETH is consistent with the fact that $\mathit{NP} \subseteq \mathit{EXPTIME}$, it does not imply equivalence.
As far as $\mathit{SAT}$ goes, we know that $\mathit{SAT}$ can be decided in time $O(2^n)$, so $\mathit{SAT} \in \mathit{EXPTIME}$. (This is independent of whether ETH holds or not).
ETH on the other hand gives only lower bounds on how fast can $\mathit{SAT}$ be decided. I.e., there are no algorithms with runtime, for example, $O(2^{({\log n})^2})$. This run time is not polynomial, but sub-exponential.
It is possible that $\mathit{P} = \mathit{NP} \neq \mathit{EXPTIME}$. The first equality implies that ETH is false, as this means $\mathit{SAT}$ has a poly-time algorithm.
It is possible that $\mathit{P} \neq \mathit{NP}$ and $\mathit{NP} \neq \mathit{EXPTIME}$, but ETH is true. I think this is what most people believe, but neither of the two inequalities nor ETH is proved.
It is possible that $\mathit{P} \neq \mathit{NP}$ and $\mathit{NP} \neq \mathit{EXPTIME}$, but ETH is false, for example, if $\mathit{SAT}$ can be decided in $O(2^{({\log n})^2})$ time.
It is also possible that $\mathit{P} \neq \mathit{NP} = \mathit{EXPTIME}$. But the last equality implies that ETH is true. This is because there are problems in $EXPTIME$ whose algorithms have an exponential lower bound. If they can be converted to $\mathit{SAT}$ in poly-time, then $\mathit{SAT}$ must also have an exponential lower-bound, which is basically ETH.