Ethereum Bull Case Gains Momentum as Fees Plunge and ETF Inflows Rise
Ethereum's technical structure is gaining traction as three key trends converge. Median mainnet fees have plummeted by over 99%, from above $2 in January 2024 to below $0.02 in March 2026, while mainnet throughput has roughly doubled.
U.S. spot Ethereum ETFs are also drawing significant institutional demand, with a fifth consecutive week of net inflows reaching $244.9 million. This influx of capital is coupled with lower fees across Layer 2 networks, which have declined by about 95% during the same period.
Crypto Patel's long-term chart suggests that Ethereum's price may be due for a significant surge. According to Patel, the current correction has held within a historically important accumulation zone, helping preserve the broader technical structure.