Ethereum

Rise

<ul class="news-points"> 
 <li><strong>Santiment highlighted an increase in Ethereum’s network fees, which reached as high as $5.72 this past Sunday.</strong></li> 
 <li><strong>Despite the latest increase, network fees are still low compared to the $14 average recorded in May this year.</strong></li> 
 <li><strong>At press time, ETH was up 0.53% and was trading hands at $2,060.58 as a result.</strong></li> 
</ul> 
<p>Santiment shared in an X post published earlier today that network fees for <a href="https://coinedition.com/tag/ethereum-eth/">Ethereum (ETH)</a> have risen after the altcoin was able to break above $2K. According to the post, network fees for Ethereum rose to as high as $5.72 per transaction this past Sunday. Notably, this is the highest network fee that has risen since July 4 this year.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a>'s fees have unsurprisingly risen as <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> rose back above $2K last week &amp; network utility surged. Relatively, though, transactions are still cheap compared to $14 May average fee levels we saw. Watch how other ERC-20's are impacted, as well. <a href="https://t.co/yuzXALw53z" target="_blank" rel="nofollow">https://t.co/yuzXALw53z</a> <a href="https://t.co/ndw1PYeVEF" target="_blank" rel="nofollow">pic.twitter.com/ndw1PYeVEF</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1724319912552996864?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 14, 2023</a>
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<p>The latest increase is still minor when looking at how high the fees were earlier this year. Santiment revealed that Ethereum’s fees reached an average of $14 in May. Meanwhile, fu…</p>
<p>The post <a href="https://coinedition.com/ethereum-network-fees-rise-due-to-price-and-utility-uptick/">Ethereum Network Fees Rise Due to Price and Utility Uptick</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Ethereum Network Fees Rise Due to Price and Utility Uptick

Coin Edition

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