3 reasons why Ethereum price remains strong against Bitcoin

Ethereum price strengthens in its ETH and BTC pair as investors await spot ETH ETF to start

Ether (ETH) started the year strongly but began tapering off in mid-March. However, the altcoin began picking momentum in mid-May amid anticipation of the approval of spot Ethereum ETFs in the United States.

Although ETH has trailed Bitcoin (BTC) since Jan. 1, it has outperformed the flagship cryptocurrency since spot Ether ETFs received official approval from the Securities and Exchange Commission (SEC) on May 23.

Since May 15, ETH has surged approximately 30% compared to BTC’s 9% gain in their respective USD pairs.

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