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Although it is considered extremely expensive, the Ethereum blockchain has remained one of the best networks in the dynamic world of cryptocurrencies. However, the main blockchain has undergone a major change, as its overall transaction costs have dropped considerably at levels not observed over the years.
While the cryptography sector is shaken by volatility, Ethereum took a hit because of recent developments concerning the overall transaction costs of the network. Over time, ETH gas costs have hampered user activity due to the high cost, which makes it difficult to use.
Recent crypto miners reports, a binance subsidiary, reveal This use of the Ethereum network has slowed down, indicating the moderate demand for block space. Although the lower costs reflect the decreased demand, this also involves slowing the momentum through the ETH ecosystem.
Crypto minors said ETH transaction fees fell to their lowest level since 2020, marking a four -year hollow. This drop in transaction costs coincides with a decrease in activity on the chain and indications that congestion at the ecosystem scale is reduced. Development could have an impact on user engagement, DEFI activity and NFT transactions, in particular the validators that rely on the blockchain.
Using Intotheblock data, a market intelligence and a chain platform, crypto minors stressed that costs decreased by around 60% in the first quarter of 2025, going to only $ 208 million by April 4.
According to the platform, a notable factor in net decline is the emergence of layer 2 solutions, in particular the base, and the Dencun update, which has considerably reduced the cost of layout layers. Currently, the Layer 2 pack is now directed by the only base, which deals with more than 80 transactions per second (TPS), cement its position in space.
During this period of low network request, the price of Ethereum also dropped considerably at the previous support levels. As indicated by crypto minors, the altcoinThe price of the man dropped by around 45% in the first quarter of 2025, marking his worst performance in the first quarter since 2022.
The ETH / BTC pair also displays low performance, switching to a hollow at 5 years. However, large investors, often called whales, are not dissuaded and gathered ETH below the level of $ 1,800 in a resounding support demonstration.
As volatility intensifies, a chain analyst named Mac_D has identified crucial price levels for ETH. In the rapid socket job On the crystory platform, the expert stressed that the average cost of Ethereum holders (price made) is positioned at $ 2,200. From that, it seems that most ETH holders are currently losing money.
Meanwhile, the average cost base of whales The detention of more than 100,000 ETH is $ 1,290, which is the next level of major support for Altcoin. If Ethereum falls below this level, Mac_D thinks it might not fall below $ 870. During the Luna crisis in June 2022, this level held firm, forming a hollow for eth And signaling a rebound.
Felash star image, tradingView.com graphic
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