I don't know how Ethereum transaction fee was in the last few years but in this year the gas or the transaction fee is very high that it is not easy to buy Ethereum. I bought Ethereum last week and out of the 100% 40% was use as the transaction fee and I really regret of buying Ethereum at this time. If I would have known I would have waited for sometimes before investing in it. And now that if the price didn't hit $10k then I will be a very big loser of the investment.
It does feel heavy gas fee consumption especially when gwei is high, even so I can anticipate with L2 to send, more practical and multi-functional indeed with its erc20 chain, the gas fee difference can be 100x. In this condition I agree that holding / buying ethreum during the bearish season in the past was the right thing. because the difference is very different, especially withdrawing from cex for ethreum is very expensive. unfortunately I only save a little for claims and my daily needs.
$10,000 is about 3X the current price, I think it has potential but not in the near future, if it goes to $7000 it is very good, and this year hopefully it will reach an ethreum price that is beyond my expectations. Even so, confidence in ethreum is still very good and tends to grow, despite its higher price.
ETH is still a good deal in the long run. Its price haven’t cross the ATH like it did for bitcoin. This season seems different foe bitcoin but eth is still lagging behind bitcoin. So this can be the local bottom for eth and we can see more rally from here once the market became stable and btc outflow come to an end. I am still holding my eth and the price target can be below 20k this season.