The average transaction fees on the Ethereum network have fallen sharply to new lows, offering users relief as they enjoy cheaper transactions.The drop in transaction fees indicates that the Ethereum network is becoming more efficient, potentially leading to increased acceptance and usage.Ethereum's average transaction cost is currently valued at $1.63, prompting traders to make more transfers.Despite the positive developments, Ethereum's price is still demonstrating a bearish movement and may decline further to the $2,400 level.