Santiment Saying That Ethereum Can Re-Rise Its ATH Announces The Key To Rise!

to Bitcoin (BTC) more pressured than Ethereum (ETH) It has increased by only 0.37% in the last 24 hours.

Crypto analytics platform as investors wait for more Ethereum to rise centiment He revealed the key to the rise of ETH.

EthereumStating that it may be long and difficult for the coin to recover to $ 4,858, which is the historical peak reached in November 2021, Santiment stated that the decrease in transaction fees in ETH may pave the way for the rise.

According to Santiment, one of the most important reasons behind the drop in ETH ETH There were extremely high transaction fees on the network.

Stating that Ethereum fees dropped to an average of $ 3 per transaction in June 2022, Santiment stated that the fees are currently around $ 2, falling even further.

“Ethereum may still have a long way to go to get back to its ATH of $4,858, which it reached on November 10, 2021.

ETH was hit in part due to average transaction fees of over $60 at the time, which was horrendous.

But the fees and ease of use now below $2 per transaction may allow a gradual recovery to continue.”

Thanks to the small rally in the crypto market, it has increased by 6.30% in the last 7 days. Ethereum At the time of writing, it continues to trade at $ 1,331.

💸 #Ethereum may still have a long way to recover back to its $4,858 #AllTimeHigh on Nov 10, 2021. $ETH got hit, in part, due to egregious $60+ average fees then. But now at under $2 per transaction, ease of utility could allow a continued gradual rebound. https://t.co/R36h8lABGP pic.twitter.com/mJiRH3gA5t

— Santiment (@santimentfeed) January 11, 2023