ETH moving sideways in the daily chart. Source: ETHUSD Tradingview
In the 7-day chart, Ethereum shows some profits. The second cryptocurrency by market cap has been leading the charts with a 13.4% during the last week. ETH has outperformed Bitcoin and most of the cryptocurrencies in the top 10.
In mid-July, Ethereum will implement Hard Fork London and will change its fee model with EIP-1559. This proposal will introduce a base fee and a tipping mechanism, the former will be set at a fixed amount and will be burn as part of the new model. This event will turn ETH into a deflationary asset.
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How Ethereum s gas fees could be on a lasting downtrend
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