Ethereum may continue to outperform Bitcoin, gaining nearly 30% in May for its best monthly performance since February

Thanks to the approval of the Ethereum ETF 19-b application by the Securities Exchange Commission, Ethereum experienced a significant rally in May, up nearly 30 percent, marking its best monthly performance since February, when it rose 46 percent, according to Coinglass. Historical data shows that May is typically the strongest month for Ethereum, with an average gain of 31 percent. Bitcoin, in contrast, also showed a positive move, rising more than 12 percent in May, trying to recover from April's 15 percent drop. Given the current trend and narrative in favor of Ethereum, Ethereum is likely to continue to outperform Bitcoin as the year-to-date ETH/BTC ratio has maintained positive growth, indicating that Ethereum's dominance is shifting.