Record Low Gas Fees
Ethereum average transaction fees have declined to 3 Gwei, the lowest levels recorded in years. This reduction is primarily driven by L2 scaling adoption and structural upgrades.
Institutional Accumulation
Large entity addresses (whales) have significantly increased their Ethereum balances during this fee decline. Technologically, ETH is testing a major support line at the $3,150 zone. A bounce here could target $3,800.