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Ether is finally outperforming bitcoin. Here’s what’s driving the crypto’s rally. - MarketWatch

1. Ether up 45% in May, best monthly performance since November. 2. Pectra upgrade improved Ethereum's user experience and transaction capacity. 3. ETH/BTC ratio rose, showing increased market participation. 4. Funding rates turned positive, indicating bullish sentiment for ether. 5. Renewed risk appetite in markets boosts interest in ETH.

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FAQ

Why Bullish?

Ether's substantial rise in May suggests renewed investor interest, similar to previous crypto surges post-upgrade.

How important is it?

Recent upgrades and market sentiment make this news highly relevant for ETH/USD traders.

Why Short Term?

The immediate effects of the Pectra upgrade are likely to influence ETH prices quickly, analogous to past upgrade rallies.

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