The first point to watch in the market now!

The market is waiting for the approval of the spot ETF. Currently,

Ethereum Gas fees hit a two-month low, so what potential impact will it have on the price of ETH?

Ethereum's Gas fees have fallen to a two-month low. With the weakening of on-chain activity and the upcoming spot ETF, many people's confidence has been affected.

Recent data shows that Ethereum network activity has dropped sharply, and gas fees have dropped to a two-month low. This phenomenon still occurs despite the upcoming approval and launch of the Ethereum spot ETF.

In terms of blockchain, Gas fees reflect the level of network usage. As more and more users trade on the blockchain, the higher the activity, the higher the fees. On the contrary, the current decline indicates a significant decline in investor interaction and transaction volume on the Ethereum network.

Historical data shows that there is a correlation between rising gas fees and bullish market behavior, and increased activity usually pushes up the price of Ethereum. And suggests that with the upcoming launch of the spot ETF, network activity and ETH prices may surge.

But I think this is just the calm before the storm?

The upcoming approval of an Ethereum spot ETF could be a catalyst to drive a recovery in activity levels and potentially trigger an increase in gas fees and prices. This period of low activity could signal a major shift in the market, setting the stage for Ethereum's performance in the near future.

When

The Ethereum network is currently experiencing a low season of activity, while gas fees are also falling, which is a notable trend before the launch of an Ethereum spot ETF. Historical patterns and emerging data suggest that this quiet phase may be temporary and could lead to increased activity and higher prices.

#美国6月CPI大幅降温 #币安7周年 #BTC #ETH #sol

Currently in a bull market, the wind and clouds are surging, and we have the opportunity to share passwords every day.

Again, if you don't know what to do in the bull market, click on my avatar, follow me, bull market spot planning, contract passwords, free sharing.

I need fans, you need references. It's better to pay attention than to guess.