Ethereum's transaction fees have plummeted to their lowest level since late August, averaging just $0.41 per transfer.

The Ethereum price dropped over 1% as Santiment reports mild rebound signs and traders buy this new ICO for free Bitcoin.

Ethereum is at a pivotal level, trading near key Fibonacci retracement zones. A break above $2,881 could confirm a bullish reversal, while failure to hold $2,500 may trigger deeper retracements.

Ethereum's market cap has dropped 36% in seven weeks due to negative sentiment and increased selling. However, signs of whale accumulation suggest a potential rebound.

A symmetrical triangle breakout suggests a potential bullish continuation. RSI shows neutral momentum, requiring confirmation for an uptrend. Fibonacci levels at $3,495 and $3,730 serve