Is Pump Coming in Ethereum: This Silence Had The Price Soared Before!

Low transaction fees ahead of Ethereum (ETH) spot ETF approval could herald a possible price increase.

According to information provided by a writer on the on-chain data and analysis platform CryptoQuant, there is a remarkable decrease in average transaction fees (Gwei) on the Ethereum network as Ethereum (ETH) spot ETF approval approaches.

Currently, transaction fees are at their lowest levels since May 2024. This shows that activities on the Ethereum network are calmer. Historically, it has been observed that Ethereum prices also increase during periods when transaction fees increase.

Investors and analysts think that these low transaction fees and calm network activity could be a harbinger of a potential price increase. The potential effects of the spot ETF, which is expected to be launched in the coming days, have been a matter of curiosity.

Ethereum investors and the community may be expecting a big move after this quiet period.

According to CoinGecko data, the Ethereum price is trading at $ 3,094 at the time of writing, decreasing by 2.7% in the last 24-hour period.

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