Ethereum Network Fees Rise Due to Price and Utility Uptick

Published 14/11/2023, 14:48
©  Reuters Ethereum Network Fees Rise Due to Price and Utility Uptick
ETH/USD
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  • Santiment highlighted an increase in Ethereum’s network fees, which reached as high as $5.72 this past Sunday.
  • Despite the latest increase, network fees are still low compared to the $14 average recorded in May this year.
  • At press time, ETH was up 0.53% and was trading hands at $2,060.58 as a result.

Santiment shared in an X post published earlier today that network fees for Ethereum (ETH) have risen after the altcoin was able to break above $2K. According to the post, network fees for Ethereum rose to as high as $5.72 per transaction this past Sunday. Notably, this is the highest network fee that has risen since July 4 this year.

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