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Ethereum fees drop 99% as network use doubles; ETFs see $245M inflows, boosting bullish outlook.

Market News
08 Aug 2026
Blockonomi
View Source
Bullish
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Ethereum's median mainnet transaction fees have plummeted over 99%, falling from above $2 in January 2024 to under $0.02 by March 2026, while network throughput roughly doubled. This significant cost reduction improves accessibility for users and decentralized finance activities. Meanwhile, U.S. spot Ethereum ETFs have attracted $244.9 million in weekly inflows, marking five consecutive weeks of positive institutional demand and pushing cumulative inflows to about $11.46 billion. Market analyst Crypto Patel highlights a technical pattern suggesting Ethereum could face resistance near $4,000 but has a long-term target range of $10,000 to $16,000, contingent on continued technical strength and higher price levels. These trends collectively strengthen the bullish case for Ethereum's recovery beyond short-term price movements.

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