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Analyst: ETH/BTC closed lower on 78% of trading days, ETH is being repriced as "gas fee Token"
Golden Finance reported that encryption analyst Checkmate published an article on Platform X, stating that 78% of the trading days for the ETH/BTC trading pair have been in a downward trend. Ethereum is being repriced, returning to its core demand attribute as a 'gas fee Token'. Checkmate means: "Think about the total amount of gas fees you have consumed throughout your entire encryption market career, and compare it to the historical peak level of the Token you hold. Even those who have hardly touched encryption currencies, the Token you hold may require actual gas fees that are 10 to 100 times higher."