>>60664459
Fees after EIP-1559 are based around how full the block was, so if blocks are consistently full then fees will rise exponentially (12.5% at most per block) and if blocks are consistently empty then fees will fall exponentially (12.5% at most per block). Fees are low because blocks aren't getting >36M/2 gas used each block, nothing changed since the Pectra update on this and fees were consistently high during then.
In other words, remain bullish because the demand for ETH has not yet translated into demand for blockspace and thus higher fees, which means the current speculators (stablecoin speculators) aren't actually using the chain yet in their frenzy.
