Ethereum network sees 62% drop in fees: Is ETH price at risk?
Market Intelligence Analysis
AI-PoweredEthereum has experienced a significant 62% drop in transaction fees, indicating a decrease in base layer demand. However, the underlying price supports and growth in layer-2 solutions suggest that ETH may maintain its momentum despite these challenges.
Market impact analysis based on neutral sentiment with 77% confidence.
Article Context
Ethereum’s base layer demand softened in November, but ETH’s underlying price supports and strong layer-2 growth show the network still has momentum despite a drop in fees and TVL.
Analysis and insights provided by AnalystMarkets AI.