Ethereum Fees Increase By 500%, Why Is This Bearish For ETH?
Ethereum fees increase by 500% thanks to the influx of users on the network, because of the growth in the decentralized finance sector. The past few weeks were quite strong for the ETH adoption as we saw a spike in users, transactions, and addresses. However, as per the reports from one of the best cryptocurrency news sites, the daily median gas price of Ethereum transactions surpassed 50 Gwei which is five times higher than the one in April, and the highest in almost two years. While some could see the increased usage as bullish for Ethereum, others are not so…