Ethereum Gas Fee Soared 378.07% in 10 Minutes, ETH On-Chain Activity Increased
The current Ethereum Gas fee has risen to 18.51 Gwei, a 378.07% surge in 10 minutes, indicating that the activity on the ETH chain has increased.
Event Analysis: The news shows that Ethereum Gas fees have risen sharply in a short period of time, reflecting a surge in on-chain transaction activities, which may be driven by some large events or applications. Community sentiment may be positive about this, and more transactions and smart contract executions are expected to continue to occur. Considering that the current Gas price is already high, if there is no further good news, it may face callback pressure in the short term: In the long run, if the on-chain activity remains high, the Gas fee is expected to rise. Investors are advised to pay close attention to market dynamics. Today's short-term bearish, long-term depends on the on-chain activities and their sustainability.
Market point analysis:
BTH current price: 3,845.23
Pressure level: 4088
Support: 3656.37
