• bitcoinBitcoin$27,867.00-1.40%
  • ethereumEthereum$1,763.36-2.07%
  • elrond-erd-2MultiversX$43.15-2.61%

Ethereum Gas Fee Records 8-Month Low

Ethereum bounced back this week as it is currently trading between $2,500 – $3,200. An equally great piece of news is the fact that ETH gas recorded an eight-month low.

Santiment, an on-chain data provider, declared:

Ethereum is bouncing rapidly around the $2,560 level currently. In addition to the extremely tight #SP500 correlation it has right now (even more than Bitcoin), it’s also seeing 8-month low fees right now. $ETH last had fees below $4.10 in mid-July.”

Courtesy: Santiment

Elon Musk has also recently revealed that his portfolio includes Ethereum and that, due to the increasing levels of inflation, he doesn’t plan on selling it.

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