{"id":567579,"date":"2021-06-28T13:40:56","date_gmt":"2021-06-28T10:40:56","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567579"},"modified":"2021-06-28T13:40:56","modified_gmt":"2021-06-28T10:40:56","slug":"ethereum-eth-gas-fees-at-their-lowest-since-december-2020","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-eth-gas-fees-at-their-lowest-since-december-2020\/","title":{"rendered":"Ethereum (ETH) Gas Fees At Their Lowest Since December 2020"},"content":{"rendered":"
Gas fees on the Ethereum network<\/a> have decreased significantly since their peak value in mid-May when ETH hit an all-time high of $4,372. According to a recent analysis<\/a> by the team at Santiment, the average gas fees on the Ethereum network now stands at $3.76. The chart below, courtesy of Santiment, further illustrates the drop in ETH gas fees<\/a> since May.<\/p>\n <\/a><\/p>\n The analysis by the team at Santiment went on to point out that the social sentiment towards Ethereum continues to decline<\/a> and has hit historic lows. The chart below further demonstrates how low the crowd sentiment towards Ethereum has dropped in the last few weeks.<\/p>\n <\/a><\/p>\n With respect to price action, Ethereum is once again trading at the $2k support zone<\/a> and has also regained the 200-day moving average (green) as support as seen in the following daily ETH\/USDT chart.<\/p>\nSocial Sentiment Towards Ethereum Hits Historic Lows<\/h2>\n
Ethereum Reclaims $2k, ETH Retesting $2,400 Possible in the Short Term<\/h2>\n