ETH/USD dips below $231 after a massive collapse from a $250 rejection. Bulls need to hold $225.62 to maintain the daily uptrend. Ethereum has lost most of its gains on June 22 after a significant price collapse to $231. Buyers are holding the daily 26-EMA at $232 for now but there is a significant risk of losing $230 and re-testing the low of June 20 at $225.62. Are high fees driving investors away from Ethereum? Ethereum has experienced a notable increase in its fees over the past few months. The median transaction fee on ETH was less than $0.05 back in April 2020. The current median is a whopping $0.271 fee per transaction which is getting dangerously close to Bitcoin’s median number of $0.63. source: Bitinfocharts.com Of course, many investors and Ethereum enthusiasts are hoping that Ethereum 2.0 will solve this issue but the update could still take months to get deployed. ETH/USD technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD could still move lower as more bearish technical signals emerge FX Street 2 years ETH/USD dips below $231 after a massive collapse from a $250 rejection. Bulls need to hold $225.62 to maintain the daily uptrend. Ethereum has lost most of its gains on June 22 after a significant price collapse to $231. Buyers are holding the daily 26-EMA at $232 for now but there is a significant risk of losing $230 and re-testing the low of June 20 at $225.62. Are high fees driving investors away from Ethereum? Ethereum has experienced a notable increase in its fees over the past few months. The median transaction fee on ETH was less than $0.05 back… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
