Ethereum Gas Fees Drop To 5-Year Low, What It Means For ETH Price?

The Ethereum gas fee has recently fallen to its five-year low, while the ETH price struggles to trade in the green. A recent report from Kaiko highlights the drop and its potential implications on the crypto’s price. It’s worth noting that despite the start of Spot Ether ETF trading in the US, the second largest crypto by market cap has gone through a highly volatile phase recently.