BTC
$95,576.92
-
0.68%ETH
$1,831.93
+
0.38%USDT
$1.0012
+
0.09%XRP
$2.1871
-
0.47%BNB
$588.27
-
1.88%SOL
$147.52
+
0.32%USDC
$1.0010
+
0.11%DOGE
$0.1730
-
2.14%ADA
$0.6867
-
4.04%TRX
$0.2486
+
0.89%SUI
$3.2940
-
0.61%LINK
$14.12
-
1.16%AVAX
$20.06
-
3.20%LEO
$9.0632
+
0.91%XLM
$0.2683
-
1.67%TON
$3.0721
-
1.18%SHIB
$0.0₄1280
-
2.04%HBAR
$0.1775
-
2.07%BCH
$356.38
-
2.97%HYPE
$20.64
+
0.45%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Bitget research
Videos
Ethereum Sees Record Drop in Gas Fees: Is This a Bullish Signal for ETH?
Ethereum's gas fees plummeted to a five-year low earlier this week, dipping to as low as 0.6 gwei (a unit of gas) with low-priority transactions costing only 1 gwei or lower. Bitget Research chief analyst Ryan Lee told CoinDesk in a note that "every time ETH gas fees drop to rock bottom it has often signaled a price bottom in the mid-term" but ETH prices tend to rebound after the cycle. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Pageof 1