ETHGas ($GWEI ) short-term volatility is evident: it pulled back from a recent high of $0.25 to $0.132, with a maximum decline of about 46.5%. The current quote is around $0.15037. On the surface, the project is still riding the Realtime Ethereum narrative and community activities to maintain momentum, but the core pressure comes from profit-taking after the earlier rapid run-up, as well as the June 21 unlock of 46.65 million tokens, equivalent to roughly $6.7 million, which could further amplify sell pressure.
Next, the key is to watch whether it can form effective support around the $0.132 area. If it breaks down on increased volume, sentiment recovery may be slower. If it stabilizes and reclaims the $0.15 level, there will be a chance to enter a consolidation-and-digestion phase.#ETHGas # Ethereum trend
Next, the key is to watch whether it can form effective support around the $0.132 area. If it breaks down on increased volume, sentiment recovery may be slower. If it stabilizes and reclaims the $0.15 level, there will be a chance to enter a consolidation-and-digestion phase.#ETHGas # Ethereum trend