Ethereum (ETH) price is in focus after ARK Invest analyst Lorenzo Valente said that Robinhood Chain is ultra-bearish for Ethereum’s revenue after ETH received only $1,538 in revenue from Arbitrum. The analyst’s outlook comes as Robinhood Chain emerges as the fifth-biggest chain by DEX volumes per DeFiLlama, with the growth coming after the network announced a 90-day gas subsidy to boost adoption.