Ethereum (ETH) Fees Hit Yearly Lows, Here's Where This Might Lead

According to Santiment, an on-chain analytics firm, Ethereum's average fees have decreased to their lowest levels since 2023. It stated that the average Ethereum transaction fee has dropped to $1.15, the lowest since Dec. 26, 2022.

Timeline of Ethereum

For the time being, ETH is likely to consolidate within the confines of its current slump. If the price breaks below the $1573 level then it will likely test $1540 key support level.

Ethereum's eagerly anticipated Dencun upgrade, slated to bring new features and scalability improvements, may encounter a delay, as revealed during a recent developers' meeting on September 21.

In recent weeks, Ethereum (ETH), one of the most valuable assets in the cryptocurrency market, has not enjoyed favorable sentiment due to its struggling price and unstable on-chain performance. The general market condition has not offered much reprieve either, as most altcoins have failed to maintain an upward momentum.

The Shanghai upgrade for Ethereum was anticipated to significantly attract institutional interest by enabling the withdrawal of staked Ether. However, a recent analysis by JJ.P. Morgan, as covered by Kitco, reveals that the blockchain network has failed to meet these expectations.

A top crypto analyst is detailing his outlook on Ethereum (ETH) amid tepid price movements in the crypto market. In a new video, pseudonymous analyst Bluntz says that Ethereum is likely witnessing the final stage of a corrective move while trading within an ascending triangle pattern.

The world's second-largest cryptocurrency Ethereum (ETH) has once again come under strong selling pressure and is trading under $1,600. While the Ether (ETH) price has struggled to keep up with the upside momentum, some network parameters like the gas fees are showing signs of cooling down.

John Deaton, the legal representative for over 75,000 XRP holders, has finally made the ‘big announcement' that he had pre-announced on his social media handle. Here are the three big announcements. John Deaton Live https://t.

John Deaton, the attorney who represents the over 70,000 XRP token holders in the Ripple Vs U.S. Securities and Exchange Commission (SEC) lawsuit, had kept the crypto community guessing about this announcement. However, there were hints that the announcement involved Steven Nerayoff, who was an early adviser in the Ethereum network project.

Rarible, one of the leading NFT marketplaces, has announced a partnership with Ethereum (CRYPTO: ETH) Layer 2 network Mantle Network. The new marketplace, Mintle, supports NFT trading on the Mantle Network.

Cryptocurrency exchange Binance inadvertently sparked a 1,900% surge in Ethereum (CRYPTO: ETH) gas fees following a sudden wave of transactions involving dormant wallets. What Happened: A report from FXStreet noted that a Binance-affiliated wallet, known as Binance 14, experienced a sudden surge in transactions.