Ether-bitcoin ratio hits three-month high
The ether-bitcoin ratio has risen to 0.03, the highest since late April, according to data source TradingView.
The pair is hovering above its 200-day simple moving average for the first time since January and has gained over 20% since the sell-off ran out of steam on June 6.
This sustained ether outperformance could be a sign of an impending altcoin boom. However, as of this writing, BTC remains the most dominant token, accounting for 59% of the total crypto market.