Ethereum Prices Soar as Transaction Fees Hit Six-Month Low
Sunday, 28 April 2024, 21:16
Ethereum Gas Fees Hit Six-Month Low
Ethereum's average transaction fee has dropped to $1.12, the lowest since October 2023. This decline follows reduced on-chain activity due to the Dencun upgrade and subdued crypto market performance. Santiment noted that transaction fees often mirror price sentiments, peaking during price tops and settling during bottoms.
Regulatory Optimism and ETF Listing
- Consensys challenges SEC's security classification of Ethereum, citing innovation concerns.
- Franklin Templeton lists an Ethereum ETF, fueling hopes for SEC approval in May.
This series of positive events has driven Ethereum's price surge and fueled expectations of a bullish trend reversal.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.