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 A significant decrease in Ethereum gas fees could put ETH in a bullish direction, resulting in a breakout to $1,900, according to Santiment.&nbsp; 
 Transaction costs on the largest smart contract platform, Ethereum, have recorded a much-appreciated reduction after a dramatic spike in early July. Behavioral analysis platform Santiment&nbsp; <a class="editor-rtfLink" href="https://twitter.com/santimentfeed/status/1678488261076094976?s=20" target="_blank" rel="noopener noreferrer nofollow">shared </a>&nbsp;this positive development on Monday.&nbsp; 
 Due to the potential renewal of investors’ interest expected with this drastic reduction in fees, Santiment projects a bullish price recovery back to the $1,900 territory. 
 The Santiment disclosure revealed that Ethereum became highly expensive for users as network gas fees eclipsed $7.40 per transaction in the early days of July.&nbsp; 
 In March, average fees on the network were around $12.5 per transaction. Following the rapid surge earlier this month, the average fee per transaction on Ethereum returned to an affordable $2.45 on July 10.&nbsp;&nbsp; 
 <h2 id="span-data-preserver-spaces-true-bullish-expectations-for-eth-span">Bullish Expectations for ETH </h2> 
 According to Santiment, this development could trigger bullish sentiments for the second-largest crypto by market cap amid the dull state of the broader market. In particular, the leading analytic platform submitted that Ether (ETH) could return above $1,900 in the coming weeks or months.&nbsp; ... 
 <a href="https://thecryptobasic.com/2023/07/11/santiment-projects-an-imminent-eth-rally-to-1900-as-fees-drop-to-record-2-45/" rel="noopener noreferrer nofollow">Read more</a>
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Santiment Projects an Imminent ETH Rally to $1,900 as Fees Drop to Record $2.45

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