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
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.”