#GasFeeImpact #GasFeeImpact

Yesterday I wrote a post in which I indicated that the reasons for the decline in the price of gas (transaction fees) ETH is more of a signal for a bearish trend for Ethereum than the other way around.

Since it is caused not by updates/improvements to the blockchain, but by a decrease in activity on the Ethereum network.

I believe that such signals (like transaction costs) can and should be used in fundamental analysis. But only in conjunction with others.