Ethereum Fees Now at July 2021 Lows of $2.54
Ethereum network fees currently sit at an average of $2.54. This amount is the lowest that the network witnessed since July 2021. Historically, ether (ETH) price would surge whenever the gas fee falls below $5. Ethereum users may find some consolation despite the current crypto winter, as gas fees for the network currently sit at an average of $2.54. According to Santiment, this is the lowest gas fee that the network has witnessed since July of last year. As explained by the on-chain metrics site, the price of ether (ETH) would generally increase after the average transaction reaches below $5.