📉 The average gas fee on the Ethereum network dropped to $1.13, the lowest level since November 2022. Analysts think ETH could form a bottom similar to the late 2022 bottom. It is stated that low fees often lead to increased usage and prices. However, ETH's trading volume fell by 12.2% in the last 24 hours, falling to $4.6 billion. Additionally, there were large outflows of ETH from decentralized exchanges.