Ethereum price $2,504 as the base fee drops to a sixth: will the $2,495 level hold?

The Ethereum price stood at $2,504 on Sunday afternoon, or 2,237 euros. Over 24 hours that is a move of three dollars, 0.15 percent. The real movement this time sits in the block data rather than the chart: the base fee per unit of gas, the minimum price every Ethereum transaction has to pay, averaged 0.0673 gwei over the past 24 hours. Across the past seven days the average was 0.4210 gwei. The network is running at a sixth of last week's price. There are two sides to that if you hold ether.