Ethereum gas fees reach annual low – why this is not a sign of bearish market

Ethereum gas fees have fallen to around 0.067 Gwei due to decreased network activity. However, amidst the low fees, significant inflows of 84.9 billion USD in stablecoins have been observed over the past year.

Despite the low gas fees, investor sentiment remains bullish, with major holders increasing their positions in ETH. Current technical indicators suggest a possible recovery, with prices climbing back above 3,600 USD.