ETH Gas

The Ethereum (ETH) price rallied to a new all-time high of $2,544.30 following the implementation of the Berlin hard fork that went live on April 15 at block 12,244,000. ETH, the native cryptocurrency of the Ethereum network, has now logged gains of over 220% since the start of 2021. Over the past few months, the ETH price pump has resulted in increased demand for the network, resulting in ridiculous gas fees and sluggish transaction times.  The blockchain is now pretty…

A recent social media user took to Twitter on April 11, 2021, mentioning that Ethereum gas fees have reduced significantly due to the emergence of Flashbots. According to Stephane, the user in question, a mining pool, commented on the issue, saying that traders are ditching their PGA bots as Flashbots bring lower gas fees.  Meanwhile, another Reddit user commented on the same, explaining that the gas fees decreased by 50% in the last 24 hours, moving from 120 gwei to…

Ethereum has finally given a breakout about its previous lifetime high and seems to have entered price discovery mode. The second-largest cryptocurrency surged past $1,700 in the last few sessions before correcting slightly lower. The bulls are now likely eyeing $1800 as the next target. The massive uptick comes just as the Grayscale Ethereum Trust added 25,000 ETH coins worth a whopping $37.6M to their coffers on Feb 3. Just two days prior, the digital assets manager had announced the…