Ethereum has risen 45% in May, outperforming Bitcoin and Solana. This momentum is due to the 'Pectra' upgrade, which improved its scalability and user experience. Additionally, the growing interest in ETH derivatives and the increase in the ETH/BTC ratio indicate a bullish trend.

Suggested strategy: Open a long position if ETH surpasses $2,600. Place a stop loss at $2,500 and aim for a target of $2,800.