Ethereum (CRYPTO: ETH) was trading at $2,567 at the time of writing, nearing its all-time high of $2,615 recorded on April 22.
What Happened: As the second-largest cryptocurrency by market cap continued to trade higher, gas fees on the network dropped to a three-month low, according to data from Santiment.
Analysts at Santiment pointed out that gas fees were back at the sub $10 level, recording an average level of $8.14.
“This is obviously encouraging, with $ETH…
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