Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.
This is absolutely correct, when you just look at the numbers it may seem as if ethereum is moving closer to bitcoin but that is only true if you do not take into consideration the circumstances which surrounds those numbers, as we know people are very excited about the merge and they are investing heavily in ethereum, so it makes sense that its metrics are for the time being a little bit better than the metrics of bitcoin, but once this hype goes away things are going to go back to normal.