Ethereum price expected to bounce as ETH transaction fees fall to multi-month lows

• Ethereum transaction fees have dropped to multi-month lows, indicating that the token could see a reversal in its price.
• The figure represents a decline of over 75% of the average fee price since November 2021.
• Ethereum could be preparing for a 25% climb if a key support level holds. 

While Ethereum price slid lower below $3,000, the network’s median fees have dropped below $3, suggesting that demand for ETH transactions have been low. Increased scalability and…