Ethereum transaction fees fell from $0.72 per transfer on April 21, 2026, to $0.095 by September 17, even as ETH trades at a higher market value than during the earlier fee peak. Santiment attributed the decline to weaker mainnet demand during the bearish summer period and to expanded network capacity. The Fusaka upgrade increased blob throughput, while Ethereum’s 60 million gas limit allows more transactions to fit into each block. Layer 2 networks, which process transactions away from Ethereum’s mainnet before settling activity back to it, have also absorbed execution that once competed directly for mainnet blockspace. Lower costs have reduced the expense of swaps, transfers, DeFi positions, stablecoin movements and ERC-20 token activity, although cheaper execution alone does not show that network demand is recovering. ETH was trading at $2,441.34, up 2.20% over 24 hours, with $12.198 billion in volume, but down 0.60% over seven days. Cryptorphic identified support at $2,365-$2,380 and a broken rising trendline near $2,460; reclaiming that level could expose resistance at $2,520-$2,530, while rejection could return ETH toward support. The combination of lower fees and the current price setup may provide a favorable backdrop for renewed network activity.