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DeFi Effect Brings Ethereum Transactions Near 2018 ICO Boom Levels

The DeFi effect can clearly be seen in the ethereum transactions which are nearing the 2018 ICO boom level as most of the activity is attributed to the rise of Layer-2 applications and DeFi. In our latest Ethereum news, we take a closer look at the analysis. The data shows Ethereum transactions are getting close to the 2018 levels as the GAS prices increased and are set at record highs. Transactional activity broke the 1 million per day level which was set last year, and it is nearing 1.3 million per day as it was seen in January 2018. The…

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Long Term Update: Bottom Done Yes or No?

On 18 January 2018, I wrote that the bottom was probably done but I hinted that at the break of the same I would have closed my long term position, unfortunately there was a subsequent very strong selling activity after a weak reaction from the support of the weekly chart (at about 9500$). In these cases it is useful to scale the time frame to the next one (from weekly to monthly), so i applied the KAMA average and its deviation lines to the monthly graph instead of applying them to the weekly graph. The resulting graph is this at…

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