This chart shows the trend of Ethereum (ETH) average gas fees (Gwei), with the black line representing Ethereum prices and the blue line representing the 7-day moving average gas fees.

Currently, the trend shows that gas fees are at their lowest since May 2024, indicating a quieter Ethereum network activity. It can be observed that when gas fees increase, Ethereum prices tend to rise as well.

Could this be the calm before the storm ahead of the upcoming approval of the Ethereum spot ETF?

Written by 우민규 Woominkyu