Although Ethereum has reached record levels lately, high GAS fees are pushing investors. Transaction fees in Ethereum transfer networks have recently caused investors to transact with alternative networks. Ethereum (ETH) transaction fees can sometimes go above normal, with high commissions even for 1 USD transaction.
Ryan Berckmans thinks that the expected improvement with the code EIP 1559 to reduce Ethereum transaction fees will be a high increase in Ethereum price. Berckmans predicts that if transaction fees drop, Ethereum price could reach $20K. The update with code EIP 1559 will allow transaction fees in Ethereum to be made with low commissions. This update is expected towards the end of the year.
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