Although he is considered extremely expensive, Ethereum blockchain has remained one of the best networks in the dynamic world of crypto courses. However, the leading blockchain has undergone a major change as its overall transaction fees fell significantly to levels that have not seen in years.
Total transaction fees at the lowest level of year
While the crypto sector is shaken by volatility, Ethereum has taken a hit due to the latest development of the network’s overall transaction fees. Over time, ETH’s gas fees have prevented users’ activity due to the high costs, which makes it difficult to use.
New reports from Crypto Miners, a connected to Binance, reveal That the use of the Ethereum network has subsided, which indicates subdued demand for block space. While the lower fees reflect declining demand, it also means that it slows down speed over the ETH ecosystem.
Crypto miners stated it ETH’s transaction fees Has dropped to its lowest level since 2020 and marked a four -year low. This reduction in transaction fees coincides with a decrease in the activity on the chain and indications that ecosystem -comprehensive overload is decreasing. The development can affect user engagement, defi activity and NFT transactions, especially validers who rely on blockchain.
With the help of data from intotheblock, a market intelligence and platform on the chain, Krypto miners stated that fees decreased by about 60% during the first quarter of 2025 and fell to just $ 208 million by April 4.
According to the platform, a remarkable factor in the sharp drop is the appearance of Layer-2 solutions, especially bass, and the Dencun update, which massively lowered the cost of scaling layers. Currently Layer 2 Pack is now led by the base alone, which processes 80+ transaction per second (TPS) and cement its position in space.
During this period with weak network needs, Ethereum’s price has also dropped drastically to previous support levels. As reported by crypto miners, AltcoinThe price fell by about 45% during the first quarter of 2025, which marked its worst result for the first quarter since 2022.
The ETH/BTC couple further show the weak performance and release a 5-year-old low. However, large investors, often called whales, are not deterred and have collected ETH under $ 1,800 in a resounding show of support.
Next Major for ETH’s price mission
When volatility intensifies, an analyst on the chain named Mac_D has identified decisive price levels for ETH. In the fast post On the Crotoquant platform, the expert stated that Ethereum Holders average cost base (realized price) is located at $ 2,200. From this it seems that most ETH holders are currently losing money.
While the average cost base for whales Keeping more than 100,000 ETH is $ 1,290, which is the next major level of support for Altcoin. If Ethereum drops below this level, Mac_D believes it may not fall below $ 870. During the Luna crisis in June 2022, this level held firm, forming a low for eth and signal a rebound.
Image from Unsplash, chart from tradingview.com
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