According to Santiment analytics platform, the average transaction fees on the Ethereum (ETH) network have dropped to their lowest level in the past five years, reaching around $0.168 per transaction. This decline is due to reduced user activity in sending Ethereum and interacting with smart contracts on the network. Brian Quinlivan, Santiment’s marketing manager, explained that with decreasing demand to use the network, the pressure to pay high fees also decreases. However, he warned that low fees could indicate a network slowdown and hinder a quick price recovery. Many traders prefer to wait until global economic uncertainties are resolved. Following the announcement of new trade tariffs by the US President on April 2, 2025, traditional financial markets and cryptocurrencies experienced a sharp decline, with many assets still not returning to previous price levels. Ethereum’s price has dropped over 12.5% in the past 14 days and stabilized below $1,600. Quinlivan believes that despite reduced individual attention to Ethereum, continued technical developments on the network could lead to a sudden price surge. Meanwhile, the long-delayed Pectra update is scheduled to be activated on May 7, 2025. This update will double the network’s layer-two capacity, reduce fees, enable fee payments with stablecoins like USDC and DAI, and raise the staking cap from 32 Ethereum to 2,048 Ethereum. The second phase of this update is expected to be implemented in late 2025 or early 2026. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and in real-time.
