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by DennisP 2897 days ago
No, because transaction fees are an ongoing negotiation between miners and the people issuing transactions. That market can adjust to change in the ether price, and keep the real-world transaction cost the same. Or the fees can wildly fluctuate due to variations in traffic, even when the ether price is stable.
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That position isn't supported by volatile transaction fee data - excepting spikes for spam or high traffic, the transaction fee denominated in dollars generally tracks the price of ETH. Probably because the overwhelming majority of ETH activity is speculative (60% of ETH held on exchanges), and traders view transaction fees as simply a percentage of gains/losses and are more amenable to paying higher fees.