The ETH/BTC ratio has rebounded to 0.0313, its highest level in approximately three months, following a low of 0.028 in February. This increase suggests that Ethereum is regaining investor interest after a period of underperformance compared to Bitcoin. In the past week, Ethereum rose by 4%, slightly outperforming Bitcoin's 3.9% increase. Significant growth in Ethereum's fundamentals supports this trend, with the addition of 284,000 new users in the first quarter of 2023, an 82% increase from the previous quarter. Additionally, total transactions on the Ethereum network reached a record 200.4 million, and stablecoin supply hit an all-time high of $180 billion. Analysts are closely monitoring the 0.035 level in the ETH/BTC ratio, as crossing this threshold could signal a more substantial rotation into Ethereum and altcoins, potentially indicating improved market sentiment.