đ„Ethereum Gas Fees Spike:
$ETH gas fees suddenly increased â and many people are confused đ
Gas fees rise when more people use the Ethereum network. This means users are trading, minting NFTs, or moving funds.
ETHUSDT
Perp
1,972.12
-5.34%
But high activity does not always mean price pump â
Sometimes high gas fees mean accumulation. Other times, it means distribution. Thatâs why smart traders donât jump to conclusions.
Many traders feel excited when they see activity. Others feel scared because fees are high.
Smart traders wait for confirmation from price action and volume, not just network activity.
If gas fees stay high for several days, $ETH volatility may increase soon.
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