Santiment: The current average transaction fee for ETH is only $0.41, and the return of users is expected to drive medium to long-term price increases

ChainCatcher news, Santiment posted on X that currently, the average fee for Ethereum transfers is only $0.41, while the highest point in the past two years was $15.21. When Ethereum transaction fees are low, it usually means the network is not overly congested. When users transfer ETH or tokens without having to pay high fees, it is often a good sign for mid-term and long-term price prospects.

Traders believe that these low fee levels typically occur when prices are seen as "low" or "bearish." These reduced costs make it easier for new buyers to enter the market.

On the other hand, when fees are high, it usually means there is a lot of activity on the network. This often happens when ETH prices are rising rapidly, as more and more people rush to trade or use Ethereum-based applications. Just as extremely high fees can sometimes deter traders or lead to short-term corrections, extremely low fees (like we are seeing now) often incentivize users to return and elevate the network's utility to prosperous levels.