However, you can unwrap WETH and convert it to ETH easily and with low fees. Is WETH a Good Investment? Keep in mind that WETH is pegged to the price of ethereum.

ETH and WETH trade 1-to-1 and ETH can be converted to WETH and back again—or “wrapped,” in the jargon of Ethereum—at any time. Besides transaction fees, there are no additional costs involved.

However, the short term incentivizer for bulls could be the significant decrease in ETH gas fees. According to market intelligence platform Santiment, Ethereum gas fees have dropped to a two-year low.

Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says The fees represent a more than 95% drop from the 83.1 gwei levels in March, when the network saw a spike in ...