Ethereum Surges Past Bitcoin as ETF Inflows and Robinhood Chain Fuel Demand

Ethereum (ETH) has emerged as the top performer among major cryptocurrencies this week, outpacing Bitcoin and other large-cap altcoins in returns. According to data from SoSoValue, US spot Ether ETFs drew $96 million over the first three trading days of the week, with inflows concentrated in a handful of products including BlackRock's ETHA.

The influx of capital into Ethereum has also been fueled by Robinhood Chain, which is handling more than $800 million in daily decentralized exchange volume on the Ethereum network. In contrast, spot Bitcoin ETF flows remain choppy, with money leaving and reentering within 48 hours difficult to interpret as a sign of institutional position-building.

Ethereum's market capitalization was about $231 billion, with daily trading volume near $12 billion. Despite its success, analysts warn that the risk of chasing the rally is increasing due to overbought conditions and the potential for a pullback to the $1,845-$1,800 range if Ethereum fails to hold the $1,900 support level.