The past month has brought reasonably decent gains for Ethereum as it got a 23% boost against USD, and even outperformed Bitcoin by 16%, although on the yearly time scale, the first cryptocurrency is still ahead by 19%.
ETH/BTC comparison chart
Ever since the market collapse in March, there has been a visible correlation between the leading cryptocurrencies, as the chart above shows, with the exception of a short period in May, during which ETH had failed to match the upside impulse created by Bitcoin.
However, the majority of that price action was instigated by the approaching halving, and the price recoil after the event, whereas in the second half of Q2, as well as Q3, of 2020, the price action of these two coins will go their separate ways as Bitcoin will have to deal with the post-halving expectations, which are almost universally bullish, while Ethereum is going to be heavily influenced by nuances related to the launch of Ethereum 2.0, which is due to occur later this year. However, traders should prepare themselves for the hype and news hysteria, which will precede the launch of a global update.