Santiment: Ethereum network gas fees fall to 6-month low, may indicate a rebound in altcoins

Analysts at Santiment, an on-chain and off-chain indicator intelligence platform, said that despite the rising price of Ethereum, the gas fee on the Ethereum network has fallen to a six-month low, which may indicate an upcoming altcoin rally. Santiment explained that trader sentiment tends to peak at market tops and trough at market bottoms. In February of this year, Ethereum's gas fees reached an eight-month high, and the current low fees may indicate an increase in Ethereum network activity in the future and the beginning of an altcoin rally.