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Ethereum main-network fees plummet 99%, and ETF inflows reached $244.9 million in five weeks

2026-08-09 12:21:40
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Ethereum regains its momentum of recovery: network costs have dropped sharply, institutional funds have poured in, and technical signals have improved

As online transaction costs have dropped sharply, institutional funds have continued to flow in, and technical indicators have improved, Ethereum is ushering in a new round of momentum. Together, these factors provide a clearer basis for traders and analysts to assess the current market recovery of the cryptocurrency.

Fractal Goals and Key Support Levels

Well-known market analyst Crypto Patel places Ethereum's trend in a long-term expansion framework similar to the historical cycle associated with the Bitcoin halving event. He pointed out that Ethereum's recent correction remains within a key accumulation range, which supports the bullish technical side.

His chart shows support between $1000 and $1500, with resistance close to $4000. If the overall structure continues, Patel predicts that Ethereum may rise to $10000 to $16000 in the next major round of market activity.

Based on the current trading price of about $1914, rising to $10000 means an increase of about 422%, while reaching $16000 means an increase of about 736%. Patel described these numbers as theoretical goals based on fractal analysis and emphasized that they are not deterministic predictions.

Patel's model shows that Ethereum's main price support is between $1000 and $1500, resistance is around $4000, and potential upside is between $10000 and $16000, but needs to wait for confirmation from subsequent technical trends. For Ethereum's bullish structure to remain effective, the asset needs to continue to move out of higher highs and higher lows and remain above the main support range.

Ethereum network costs have dropped by 99%

On-chain data further strengthens the optimistic outlook. According to BMNR Bullz citing analysis by Ambrosia and Mizrach, the median transaction fee on the Ethereum main network dropped from more than US$2 in January 2024 to less than US$0.02 in March 2026, a drop of more than 99%. During the same period, network throughput roughly doubled.

Data tracked by BMNR Bullz shows that between January 2024 and March 2026, Ethereum main network fees plummeted from more than US$2 to less than US$0.02, while the system processed double the number of transactions.

The second-layer network built on top of the Ethereum blockchain and designed to provide cheaper and faster transactions has also dropped median fees by about 95%. The significant reduction in costs and increased throughput indicate that network accessibility and operational efficiency have been significantly improved, especially for decentralized financial platforms and frequent users.

ETF inflows drive institutional demand

Ethereum's institutional investment has also grown through U.S. spot ETF products. BMNR Bullz quoted SoSoValue data as saying that in the week ended August 7, the net inflow of U.S. spot Ethereum ETF was US$244.9 million. This continued a five-week trend of net inflows, after a net outflow of approximately $273.3 million at the end of June.

Over the five-week period, weekly net inflows were US$84.4 million, US$105.4 million, US$103.9 million, US$27.4 million and US$244.9 million, respectively, and the cumulative total net inflow of these ETF products has reached approximately US$11.46 billion.

BMNR Bullz pointed out that the increase in institutional participation is not limited to ETF capital flows. Companies such as BlackRock and JPMorgan Chase have increased activities related to tokenization. Tokenized ETFs currently account for more than half of the sector, and stablecoins in circulation reach US$148 billion.

Weekly net inflow data

Week ended June 26: net outflow of US$273.3 million
The following five weeks: US$84.4 million, US$105.4 million, US$103.9 million, US$27.4 million, US$244.9 million
Cumulative total inflow: US$11.46 billion

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