Data from BitinforCharts shows a rise in Ethereum transaction fees up to 2,293% since late June. The average transaction fee on the Ethereum network was about $22.52 just seven days ago. The transaction fee in October was $45.74 according to Decrypt. Meanwhile, Securities Regulators in Australia recently issue new positive guidelines on Ethereum and BTC exchange-traded products-ETPs.
Ethereum’s Altair upgrade is a major step towards the long-anticipated Ethereum 2.0, which is by far a greener, more secure, and cheaper network. Most importantly, the Altair upgrade is designed to make for a transition of the Ethereum network from a proof of work to a proof of stake consensus mechanism.
Read on as we identify the significant support, resistance levels, and chart patterns that drive the ETHUSDT exchange rates.
Ethereum (ETH) Weekly Chart Analysis
The weekly chart of the ETHUSDT already sets a higher exchange rate compared to the lower RSI reading, and consequently signaling a regular be
