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Ethereum is Up 20% in a Week as ETH Gas Price Plunge 51.41% – crypto.news

Ethereum is Surging as the Merge NearsAfter being rejected at around $1,700 today, Ethereum is currently trading at about $1,652.
Despite trying to break above the resistance of $1,722, the Ethereum price is still below the 200 and 50 EMA.
Ethereum Gas Prices Plunge 51.41%, Compared to JuneAccording to trackers, in June, the average gas price in Ethereum was 55.26 gwei, while in July, it was 26.85 gwei.
This move is because the number of transactions increased, which usually leads to a higher gas price.
If the price of Ethereum manages to hold above the confluence support level, it will trigger a bullish outlook.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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