ETH has outperformed BTC over the past seven days, shown by the ETHBTC ratio surging towards 2021 highs. ETH increased by 7% over the past seven days and has, similarly to BTC, been challenging a key resistance level at $2k. The upcoming merge has led to elevated trading activity for ETH, especially in the options market, where the open interest surpassed BTC’s for the first time in history.