Most traders have noticed that Ether (ETH) price has outperformed Bitcoin (BTC) for months now, and the ETH/BTC ratio has rallied more than 230% in 2021 and recently hit a new high at 0.089 BTC. As per the Current derivatives data, Ether shows a higher futures basis rate. Furthermore, the improvement on the top traders' long-to-short since Oct. 5 signals confidence at a delicate period when ETH price is down 16% from its $4,870 all-time high.