Ethereum's spot price and the ETH:BTC ratio both broke out of three-month falling wedge patterns.The last time the ETH:BTC ratio experienced this bullish break-out, Ethereum returned 44% in one month.Ethereum is experiencing supply shortages with tokens locked away for staking, locked away in smart contracts, and going offline to cold storage.Ethereum's current outperformance is an example of the Bitcoin liquidity waterfall, which signifies that Altcoins are set to outperform next.