Ethereum Dips 28% to $2,354 But Gas Fees Crash 98%, Eyeing Bull Run

Ethereum trades at $2,354 after a 28% drop over three months, but coverage frames it as a prime buying opportunity before the next crypto bull run. Protocol upgrades from 2024-25 slashed gas fees 98% to $0.01 for transfers and $0.25 for swaps (vs. $200 in 2021), fueling $16.2 billion in tokenized RWAs on Ethereum out of $29.2 billion total. January's ERC-8004 enables AI agents, while March 17 SEC/CFTC guidance classified Ethereum as a commodity and cleared staking risks. Analysts cite these tailwinds for long-term upside despite ongoing volatility.