Despite Rally to $250, Ethereum Was Just Dealt This Fundamental Blow

Yet some fear that the asset may underperform due to fundamental reasons, namely that Ethereum transaction fees are at extremely high levels. According to the screenshot below of ETH Gas Station, a data site showing Ethereum transaction fee data, the “gas price” recently hit 73 Gwei.

But some analysts and proponents of the network believe that high transaction fees could be Ethereum’s downfall. As reported by Bitcoinist previously, he said that high Ethereum fees cement the sentiment that ETH hasn’t beat its competitors yet.

Timeline of Ethereum, Gas