Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says

“Every time ETH gas fees drop to rock bottom has often signaled a price bottom in the mid-term,” Ryan Lee, chief analyst at Bitget Analysis, in Friday word to CoinDesk. “ETH costs are likely to strongly rebound after this cycle, and when this second coincides with an rate of interest minimize cycle, the market’s wealth impact is filled with prospects.”