🎉Great news for Ethereum fans! ETH network fees have dropped to their lowest levels since November 2022, averaging just $1.13 this week. Crypto analytics firm Santiment suggests this could signal a price rebound for ether (ETH)📈.

The last time gas fees dipped below $1.15, ETH's price bottomed out and then rose, increasing utility. With Ethereum becoming more affordable to use, history might repeat itself, as lower costs often lead to higher utility and price growth🚀.

This comes as the amount of ETH outside exchanges reaches an all-time high, and the launch of ETH futures ETFs in the U.S. has the crypto market buzzing with excitement🐝. Nine ETH futures ETFs were launched on October 2, expanding institutional investment opportunities in one of the world's largest blockchain networks.

Investors are hopeful that ETH's price could hit and even surpass the $2,000 mark before 2023 ends🤞. However, ETH's trading volumes have been lower than expected so far. Keep an eye on this space for more updates on Ethereum's progress!💎