Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer

According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer. The cheapest Layer two (L2) method to transfer ether on Wednesday is $0.25 per transaction using … Read moreEthereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer

JPMorgan Says Ethereum Is Losing NFT Market Share to Solana

Ethereum’s dominance in non-fungible tokens (NFTs) is shrinking because of congestion and high gas fees, JPMorgan said in an analyst report. The network’s market share of NFTs has dropped to around 80% from about 95% at the start of 2021, analysts led by Nikolaos Panigirtzoglou wrote in the note published last week. Since August, Solana … Read moreJPMorgan Says Ethereum Is Losing NFT Market Share to Solana

TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $3.2K

Ethereum extended decline below the $3,200 support zone against the US Dollar. ETH price remains at a risk of a sharp decline below $3,000. Ethereum extended decline below the $3,200 and $3,150 support levels. The price is trading below $3,200 and the 100 hourly simple moving average. There is a major bearish trend line forming … Read moreTA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $3.2K