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.