Ether Performs Better Stamina Resisting the Dip of the Crypto Market
The whole crypto markets dipped along with the major stock markets yesterday. It isn’t pleasant for the investors to see such a high correlation between these two markets. Since the crypto markets are considered as a low correlation towards the traditional ones. However, Ether has performed better stamina during the great slump period as compared to other major cryptocurrencies including Bitcoin. DeFi’s demand for Ether played an important role at this time and helped Ether withstand the sell-off pressure. Therefore, Ether is expected to move sideways in the short term but its long-run trend remains bullish.
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