On August 10, Ethereum's median gas fees fell to a 5-year low, dropping below 2 gwei and even under 1 gwei in real-time. This decrease is seen as a boost for startups and creators, potentially increasing network activity. However, Ethereum's market remains volatile, with fluctuating prices and concerns about its performance compared to Bitcoin and Solana. Despite the low fees, Ethereum's price hasn't surged as anticipated. The Ethereum Fear and Greed Index reflects market apprehension, indicating a cautious investor sentiment.