Ether Gains 2.5%, Primed for More Upside as Negative Sentiment Leads to Dangerous Short Skew

Ether {{ETH}} is primed for a period of upside price action after underperforming against bitcoin {{BTC}} in recent weeks. Skeptics have claimed that the emergence of layer-2 networks has seen Ethereum fall out of favor among DeFi traders, but the data tells a different story. source: https://www.coindesk.com/markets/2024/10/30/ether-gains-25-primed-for-more-upside-as-negative-sentiment-leads-to-dangerous-short-skew/?utm_medium=referral&utm_source=rss&utm_campaign=headlines