Matrixport: Ethereum gas fee increase reflects surge in network activity
On September 25, Matrixport released a research report stating that after the recent Federal Reserve Open Market Committee (FOMC) meeting, Ethereum's Gas fees have increased, indicating a significant increase in network activity.
This may suggest that the cryptocurrency market is experiencing important changes. Although affected by negative news, the ETH price has still rebounded.
Currently, the cryptocurrency market may be experiencing a period of high beta coefficient and high volatility uptrend. The existing trend indicates that this momentum is likely to continue into the fourth quarter.
