Cryptocurrency Q&A Why is the ETH down after Dencun?

Why is the ETH down after Dencun?

Sara Sara Sun Jan 05 2025 | 6 answers 1738
I'm wondering why the price of Ethereum (ETH) has dropped following the Denver event. Could there be a specific reason or factors contributing to this decrease in value? Why is the ETH down after Dencun?

6 answers

Giulia Giulia Tue Jan 07 2025
A recent report by CryptoQuant has shed light on some interesting developments concerning transaction fees on Ethereum.

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DondaejiDelightfulCharmingSmile DondaejiDelightfulCharmingSmile Tue Jan 07 2025
According to the report, Dencun has managed to reduce Ethereum transaction fees by an average of four times compared to previous levels.

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KimonoElegance KimonoElegance Tue Jan 07 2025
This significant decrease in transaction fees has led to a notable impact on the Ethereum network.

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IncheonBeauty IncheonBeauty Mon Jan 06 2025
One of the consequences of this reduction is that the amount of ETH being burned has dropped to one of the lowest levels since the Merge.

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CryptoAce CryptoAce Mon Jan 06 2025
The Merge, a major network upgrade for Ethereum, was designed to improve efficiency and scalability.

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