Currently, the average fee for Ethereum transfers is just $0.41, compared to a high of $15.21 in the past two years, Santiment said in a post on X. When Ethereum transaction fees are low, it usually means that the network is not overcrowded. When users don't have to pay high fees when transferring ETH or tokens, it usually bodes well for the medium- and long-term price outlook. Traders believe that these low fee levels usually occur when prices are seen as "low" or "bearish". These reduced costs make it easier for new buyers to enter the market. On the other hand, when fees are high, it usually means that there is a lot of activity on the network. This usually happens when the price of ETH rises rapidly, as more and more people rush to trade or use Ethereum-based applications. Just as extremely high fees can sometimes turn off traders or lead to short-term corrections, extremely low fees (as we are seeing now) often incentivize users to return and allow the network's utility to rise to prosperous levels.