Ethereum Fees Hit 5-Year Low Amid Market Caution

The post Ethereum Fees Hit 5-Year Low Amid Market Caution appeared first on Coinpedia Fintech News

Ethereum transaction fees have dropped to a 5-year low, now averaging just $0.168. This decline is attributed to reduced blockchain activity, with fewer users engaging in ETH transfers or smart contract interactions. Analysts believe global economic uncertainty is holding traders back. However, there’s hope that the upcoming Pectra network upgrade could boost Ethereum’s usage and lead to higher transaction volumes in the near future.