Ethereum (ETH) Poised for Potential Price Surge Amidst Low Transaction Fees Ahead of Spot ETF Approval

Ethereum’s spot ETF approval is likely drawing near, indicated by the low transaction fees on the network. On-chain data from CryptoQuant suggests a significant reduction in average transaction fees (measured in Gwei). This drop in fees, which are at their lowest since May 2024, points to a quieter network activity. Ethereum’s spot ETF approval could