Ethereum is experiencing a significant drop in gas fees, reaching their lowest levels in years. This reduction in transaction costs could indicate a potential price bottom for ETH, despite concerns about reduced token burning and increased supply. The decrease in fees is attributed to factors such as decreased network demand, layer-2 network adoption, and recent upgrades like Dencun. While lower fees make transactions more affordable, they also reduce the amount of ETH burned, potentially leading to inflationary pressures on the token's supply.

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