Ethereum may continue to outperform Bitcoin, with a nearly 30% increase in May, the best monthly performance since February

Odaily Odaily News Coinglass data shows that thanks to the US SEC's approval of the Ethereum ETF's application for 19-b filing, Ethereum prices experienced a significant increase in May, with an increase of nearly 30%, marking the best monthly performance since February (an increase of 46%). Coinglass historical data shows that May is typically Ethereum's strongest month, with an average increase of 31%. In contrast, Bitcoin also showed a positive trend, rising more than 12% in May, trying to recover from a 15% drop in April. Coinglass data shows that historically, Bitcoin prices have usually performed mediocrely in June, with an average increase of only 0.25%. Given the current trend and narrative in favor of Ethereum, Ethereum may continue to outperform Bitcoin, as the ETH/BTC ratio has remained positive so far this year, indicating that Ethereum's dominance is shifting. (Cryptoslate)