The transaction fees for Ethereum have decreased significantly to $0.41, compared to a high of $15.21 over the past two years. This suggests that the network is not overly crowded and could potentially attract new buyers to enter the market. Low fees are often associated with price stagnation or bearish sentiment. The drop in fees raises the possibility of another price surge for Ethereum as the market enters a consolidation phase. Ethereum voters have increased the gas limit to over 30 million to further address transaction costs, allowing the network to process more transactions and reduce congestion. From a technical analysis perspective, indicators suggest a bearish outlook for Ethereum, but the RSI approaching oversold territory may indicate a potential price rebound. It's important to note that this information is for informational purposes only and does not constitute financial advice.



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