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

CoindeskBy CoindeskAugust 16, 20240 ViewsNo Comments
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“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 Research, in Friday note to CoinDesk. “ETH prices tend to strongly rebound after this cycle, and when this moment coincides with an interest rate cut cycle, the market’s wealth effect is full of possibilities.”

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