Ethereum

<ul><li>With the ETF approval probability dropping to 11%, Ethereum faces regulatory uncertainty as the deadline approaches.</li><li>Ethereum&#39;s transaction fees fall to $1.12, the lowest in months, indicating decreased network demand and potential market recovery.</li><li>Ethereum marginally outperforms the broader crypto market with a slight weekly gain despite overall market downturns.</li></ul>In recent weeks, Ethereum (ETH) has shown subtle yet significant movements in its market value, coinciding with broader economic indicators and shifts in market sentiment. As of today, Ethereum is priced at <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">$3,203.90</a>, reflecting a slight uptick of 0.27% over the past week despite a 3.28% decline in the last 24 hours, according to the latest data. Along with this trend, data from Santiment reveals that Ethereum has hit its lowest gas fee since October 18th, 2023.Ethereum currently boasts a market capitalization of approximately $390.88 billion, with a circulating supply of 120 million ETH. The recent trading volume for Ethereum was reported to be over $13.46 billion, indicating robust activity despite the general market retracement. Furthermore, Ethereum has recently reclaimed its position above the key 0.049 level, a significant marker for traders and investors closely monitoring its price trajectory.One notable factor in the current landscape is the decreased likelihood of an Ethereum Spot ETF approval, now standing at around 11% as <a href="https://polymarket.com/event/ethereum-etf-approved-by-may-31#:~:text&#61;This%20market%20will%20resolve%20to,reporting%20may%20also%20be%20used." rel="noopener noreferrer nofollow">predicted</a> by Polymarket prediction markets. The deadline for the ETF decision looms just a month away, adding a layer of suspense and potential volatility to Ethereum&#39;s market outlook.<a href="https://cryptotale.org/ethereum-sees-lowest-gas-fee-with-uncertainty-for-etfs/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Sees Lowest Gas Fee With Uncertainty for ETFs

CryptoTale

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