ICYMI: a drop in Ethereum transaction fees might signal a bounce for the $ETH price ETH
According to Santiment, Ethereum's median fees have dropped below $3, indicating that demand for Ethereum transactions has remained low. Lower transaction costs and increased scalability are expected to improve Ethereum's investor outlook. As a result, low fees usually increase the possibility of a bounce for the Ethereum price.discussed a"near-future hard fork" that would include"blob-carrying transactions.
Before sharding, the proposed solution will provide temporary relief from scalability concerns and transaction fees on Layer 2 rollups. According to experts, the new"blob-carrying transactions" proposal could be adopted in the Shanghai hard fork. The new transaction structure, according to Buterin, would be linked to the beacon block and consensus nodes.rose to highs of $3,284 on Feb. 10 before suffering a rejection. ETH subsequently fell below the $3,000 psychological level to mark lows at $2,857 on Feb. 13 before a slight rebound.
Alternatively, if selling returns, the first line of defense for the Ethereum price is at $2,855. Additional footholds may emerge at $2,772 and then at $2,722.
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