- On the seven-day chart, Ethereum has outperformed bitcoin in positive aspects.
- Nonetheless, on the every day chart, each belongings are in drawdown territory attributable to escalating geopolitical tensions.
- Alternate-traded merchandise based mostly on these cash are exhibiting completely different dynamics.
Over the previous seven days, Ethereum has risen by 8.3%, whereas bitcoin has gained solely 3%, in accordance with TradingView. That is primarily pushed by uneven capital flows in exchange-traded funds (ETFs) based mostly on these belongings.
Notably, on the every day chart, each bitcoin and Ethereum are in drawdown territory. Within the first case, it stands at 0.9%, and in the second — 1.6%. Previous to that, each belongings posted positive aspects on the again of optimistic US inflation information.
The daily-chart drawdown is basically pushed by the geopolitical state of affairs. On July 16, 2026, the US and Iran exchanged strikes once more, BBC stories. That is placing strain on each the inventory market and the crypto market.
The hole on the weekly chart, in flip, is pushed by uneven capital motion in ETFs. Over the previous week, bitcoin-based merchandise noticed outflows of $135.77 million. On the identical time, Ethereum ETFs recorded inflows of $96.76 million.
In the event you have a look at the figures because the begin of July, the distinction turns into much more pronounced. Over three weeks, spot bitcoin ETFs noticed outflows of $465 million. Ethereum ETFs, in flip, recorded inflows of $167.51 million.
One other optimistic issue for Ethereum is the launch of the Robinhood Chain community. Charges on it are paid in Ethereum, which impacts Layer 1 metrics and, consequently, the asset.
In keeping with Dune Analytics, since July 8, 2026, the variety of transactions on this blockchain has ranged from 7 million to 10 million per day. The variety of lively addresses, in flip, has remained above 300,000 every day.
