Ethnium gas fees have declined significantly, with the average cost of transfer at $ 15.21 peaks in the last two years, only $ 0.41.
According to the on-chain analytics firm Santime, low gas fees often suggest a network that is not extremely congested, which is a rapid signal for the price approach of the mid-to-time value of the atherium (ETH). It is possible
It is easy for new buyers to enter the market when the cost of transaction is low, usually during the time of price stagnation or negative emotion. However, traders and users are scrambled to transact as, high fees generally indicate increasing demand, resulting in temporary improvements.
In another development, which can reduce transactions fees, the Atherium Network recently approved one vote to increase its gas range to more than 30 million. The gas range refers to the maximum amount of gas, or computational resources, which can be consumed by all transactions in a block
A high gas range means that the network will be able to process more transactions per block, potentially in reducing congestion and reducing fees .. Gas limit has reached 35.9 million in the last 24 hours, Gaslimit. According to PICS data.
Etharium is now trading at about $ 2,674 after falling 2% in the previous day. The trading volume has increased by 10% despite the drop, indicating the rising investor interest. The atherium is getting consolidated between $ 2,565 and $ 2,800 for the last two weeks, but the most recent decline at the bottom of this range suggests that there may be a greater decline to arrival.
According to Coinglass, Eth of more than $ 60 million is away from exchanges in the last day dataWhich increases the possibility that investors are depositing ETHs. Because they suggest prolonged holding and low sales pressure, exchange outfits are often interpreted as an optimistic indicator.
However, with $ 121 million at $ 2,650 and $ 2,605 with $ 90 million, intraday traders are still being alerted. It indicates a large level of spirit of short -term recession.
SEC’s decision on Spot Atherium ETF with staking integration is the biggest possible rapid catalyst for ETH. Some analysts believe that there is a limited demand of these ETFs due to lack of staking yield, but approval can run the institutional flow. As of 18 February, there is an increase in total cumulative ETF ETF flow. data From Sosowale.
Meanwhile, the decentralized exchange activity of ETH has increased. Defilama data Shows that the Etharium-based protocol handled $ 2.62 billion in a 24-hour trading volume from $ 1.1 billion to $ 1.1 billion on 16 February. The atherium is closing at Solana, which continues to face criticism when recent meme coin is pulled.
