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

Data from Coinglass shows that thanks to the approval of Ethereum ETF 19-b application by the U.S. Securities and Exchange Commission, Ethereum experienced a significant increase in May, with an increase close to 30%, marking its best monthly performance since it rose 46% in February. Historical data shows that May is usually the strongest month for Ethereum, with an average increase of 31%. In comparison, Bitcoin also showed a positive trend, rising more than 12% in May, trying to recover from a 15% drop in April. Given the current trends and narratives favoring Ethereum, it may continue to outperform Bitcoin as this year's ETH/BTC ratio has maintained positive growth so far indicating a shift towards Ethereum's dominance.