The weekly total of $34.8 million spent on Ethereum fees is the lowest it’s been in two months.
This trend, as reported by IntoTheBlock, is indicative of upcoming price volatility.
As Ethereum’s volatility drops low, the on-chain analytics business IntoTheBlock claims a huge decrease in ETH fees. IntoTheBlock reported this week that Ethereum transaction costs have been reduced by a substantial 21.2%.
The weekly total of $34.8 million spent on Ethereum fees is the lowest it’s been in two months. There has been a period of low volatility that corresponds with this reduction.
Ethereum’s volatility, a measure of its price fluctuations over time, is at record lows. As ETH grows in popularity, the asset’s volatility tends to diminish, as reported by IntoTheBlock. Nevertheless, the present levels seem unexpected.
Massive Rally Expected
Low volatility periods often last little more than a month, although volatility may increase sharply in either direction. This trend, as reported b
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