Ethereum Gas Fees Falls To Record Low, Price Consolidates Around $1,000

After reaching a level last seen in November 2020, the average Ethereum gas fee is now below $1.

Ethereum Gas Fees Falls

The Ethereum network experienced transaction fees as low as 69 cents on Saturday, which has not happened in the previous 19 months. The following day, gas prices reached $1.57 or 0.0015 ETH, which is equivalent to December 2020’s numbers. Transaction costs on the network today ranged from 20 cents to merely 20 cents, with 20 cents being the highest.

Gas prices in the…


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