Uncertainties about the Global Trade War, capital and geopolitical tensions continue to put prices under pressure in the crypto currency market. Especially the largest Altcoin Ethereumboth these market conditions and the rise of Layer-1 competitors entered a remarkable period. Finally, the network fees fell to the lowest level of the last five years. This decrease in network fees is considered to open the door of a new bull run for Ethereum. In his latest statements by the US Federal Bank (FED) President Jerome Powell, the economic break between the US and China will continue and the markets will face high volatility caused investors to turn to safe ports. Under these conditions, the Ethereum network is on an important technical threshold.
Record Decrease in Ethereum Network: Transaction fee 0.16 dollars
According to centimeter data Ethereum networkThe average transaction fee has dropped to $ 0.168 and decreased to the lowest level since May 2020. On the same day, the average daily transaction cost of the network was recorded as the cheapest level of the last five years. This decrease can be a remarkable signal for both users and developers.
In recent years, the increasing use of rival Layer-1 networks such as Solana increased the pressure on Ethereum, but the core developer team led by Vitalic Boder has signed significant network improvements. With London Hard fork (EIP-1559), The Merge, Dencun and the latest pectra updates, the Ethereum network has become more efficient and the process capacity has increased.
Despite these technical progress, low trading fees can also be considered as a sign of market indifference. However, some analysts agree that these levels offer strong purchase opportunities in the long run.
Return signals in Ethereum price
Ethereum, which has been moving in the decline trend since December 2024, may have tested the bottom levels according to technical analysts. Especially Benjamin CowenAccording to the current price movement 2020-2021 Taurus cycle is followed by a similar fractal structure. This similarity supports optimistic expectations for long -term investors.
Santimement’s in -chain data show that a strong support line of $ 528 has been formed. At this price level, 2,61 million wallets in total 4,82 million units Eth saved. This indicates that the bottom threshold is strengthened for the price and that a potential rise floor is prepared.
In addition, open positions for ETH, which has fallen since the beginning of the year, show signs of recovery. According to analysts in the short term altcoinIt is possible to increase the price of 2 thousand 100 dollars again. Such an ascension in ETH, which serves as a compass for the Altcoin market, may also be a driving force for the general of the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
