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Ethereum has surged 42% in the past week, outpacing Bitcoin and other major altcoins. Bernstein analysts attribute this rally to growing institutional and retail adoption of stablecoins and blockchain utility beyond just store of value.
- Ethereum's price surged 42% in a week, outpacing Bitcoin (6%) and Solana (21%).
- Bernstein highlights stablecoin adoption and Ethereum's role in Layer-2 networks as key growth drivers.
- Robinhood's $179M acquisition of WonderFi and Stripe's stablecoin services signal institutional adoption.
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