Mainnet fees dropped 87%: the average per transaction fell from $0.72 in April to $0.095. Capacity expansions and upgrades have also pushed down on-chain activity costs on L2. Funds generally flow first into expansion narratives with greater elasticity. The core is a rotation structure of “mainnet price stabilization, L2 catching up.”
Price check: ETH is at 2458, up 1.2% over the past 24h, currently testing around a key level with relatively mild action; OP is at 0.1053, up 9.8% over the past 24h—price and volume are leading, showing clearly stronger elasticity than the mainnet. Strategy focus: for ETH, holding steady above 2450 would indicate the upgrade benefits are being digested normally; for OP, a pullback to 0.10 without breaking it can be viewed as a continuation signal for the catch-up rally. Overhead resistance is expected around 0.115. Conversely, if ETH loses the 2400 level, L2’s high elasticity will amplify the drawdown at the same time.
#ETH #OP
Price check: ETH is at 2458, up 1.2% over the past 24h, currently testing around a key level with relatively mild action; OP is at 0.1053, up 9.8% over the past 24h—price and volume are leading, showing clearly stronger elasticity than the mainnet. Strategy focus: for ETH, holding steady above 2450 would indicate the upgrade benefits are being digested normally; for OP, a pullback to 0.10 without breaking it can be viewed as a continuation signal for the catch-up rally. Overhead resistance is expected around 0.115. Conversely, if ETH loses the 2400 level, L2’s high elasticity will amplify the drawdown at the same time.
#ETH #OP