Ethereum Fees Shoot Above $30 Amid Sudden Market Dip

[Fawpac2]

Ethereum (ETH) transaction fees have skyrocketed above $50 as the crypto market plunged into the red zone today. In the last 24 hours, ETH’s price has dipped to around $1,700, down over 12% on the day.

But for those who want to move their Ethereum, or trade on decentralized exchanges (DEXs), they’ll need to pay hefty sums.

According to metrics platform Etherscan, Transaction fees have surged to 1,450 Gwei (the unit in which Ethereum’s gas prices are measured), which equates to more than $50 for a high-speed transaction. information link