The price of Ethereum (ETH) is gaining momentum, thanks to the increase in positive investor sentiment. ETH is up 0.3% over the past 24 hours and is trading at $3,080. However, daily Ethereum trading volume decreased by 21%, to $17.1 billion. 📉

According to Santiment, 69.9% of conversations about Ethereum on social networks express a positive opinion, while only 20.2% of investors and traders are betting on a decline in the price.

Average fees on the Ethereum network have dropped 70.6% from a local high of $6.93 on April 13 to the current $2.03, which is an 11-week low.

ETH's overall open interest (OI) recorded its third consecutive daily decline. According to Santiment, the asset's total OI fell from $5.02 billion on April 14 to $4.83 billion at the time of the report.