Key takeaways:
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Ethereum’s base layer activity has cooled, with fees and TVL dropping, showing slower demand despite the recent price recovery.
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Layer-2 networks are growing rapidly, helping to support Ethereum even as base layer usage weakens and traders remain cautious.
Ether (ETH) rallied to a three-week high near $3,400 on Tuesday after weak United States job market data reinforced expectations that US monetary policy could become less restrictive sooner than previously thought.
Even with…
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