Ethereum

Ethereum transaction fees have surged as blockchain activity increases, according to Coinbase. The average gas price has risen 498% above the preceding 30-day average, and the median transaction cost has increased from $0.09 to $1.69. Several factors contribute to the uptick in activity, including increased decentralized exchange volumes and higher ether transfer volumes. Analysts at Kraken suggest a potential bullish shift in Ethereum's near-term momentum, but caution that it remains below its 200-day exponential moving average. The ether derivatives market also shows signs of renewed optimism. The price of ether is currently $2,687.