Ethereum Gas Fees Surge Reflecting Increased Network Activity
Matrixport’s latest report indicates that Ethereum’s gas fees have risen following the recent Federal Open Market Committee (FOMC) meeting, signaling a significant increase in network activity. This uptick may suggest that the cryptocurrency market is undergoing important changes. Despite negative news impacting the market, ETH prices have shown signs of recovery. Currently, the crypto market may be experiencing a high-beta, high-volatility rally, with existing trends indicating that this momentum is likely to continue into the fourth quarter.