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Ethereum Witnesses 82% Surge in Quarterly Fees Amidst Bullish Relief

July 1 (Cointime) - Ethereum experienced a significant increase in its quarterly fees, with a growth of 83% over Q2 of 2023. The altcoin market started Q3 with strong bullish strides, and Ethereum was exchanging hands 3.93% higher in the last 24 hours.

ETH's NFT sales volume surged by 129.90% over the last seven days, and the network saw a 25% surge in buyers and a 23% surge in sellers. Despite the bullish movement, traders should maintain caution as a slight dip in buying pressure may drive changes to the position of indicators and a price correction for ETH.

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