One on-chain statistics looks bullish for the medium and long-term front views of Ethereum (ETH), according to the crypto-analysis company Santiment.
The company notes On the social media platform X, the average reimbursement of an Ethereum transfer is currently priced at $ 0.41, a sharp decrease of $ 15.21, the highlight in the past two years.
Santiment says that low transaction costs usually mean that the Ethereum network is not too busy,
“If users do not pay high prices to move their ETH or tokens, this is usually a good sign for price views in the medium and long term. These low reimbursement levels often happen when prices are experienced as ‘low’ or ‘bearish’ according to traders. These lower costs make it easier for new buyers to enter the market.
On the other hand, when the costs are high, this usually means that there is a lot of activity on the network. This often happens when the ETH prices rise rapidly, because more people rush to act or use Ethereum-based apps. “
The analysis company adds that extremely low costs can ‘stimulate’ users back to the Ethereum market.
ETH trades at $ 2,712 at the time of writing. The second ranking of crypto assets per market hood has risen almost 3% in the last 24 hours.
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Follow us on X” Facebook And Telegram
Surf the Daily Hodl -Mix
Generated image: midjourney
Credit : dailyhodl.com
