The Ethereum network (ETH) has announced a dramatic reduction in transaction fees, slashing costs by 70%. This significant drop has fueled speculation around a potential surge in its price heading towards the rollout of new projects like Pectra and Fusaka set for April. Previously averaging around $23 million, daily transaction fees now stand at an impressive $7.5 million.

This shift positions Ethereum favorably as projects gear up for development and could result in increased investor interest. Those engaged in the cryptocurrency realm should keep a close watch on how these changes unfold.