“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.”
Related posts
-
Bitcoin Price (BTC) Rose 1.3% While Ether Price (ETH) Rose 1.7%
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Is Dogecoin Headed For A 40% Slide? This Analyst Thinks So
Dogecoin has finally reached a very precarious moment. The former darling of the meme token world... -
Crypto Analyst Unveils Six ‘Super-Cycle’ Tokens Primed For Massive 1000x Price Explosion
As the broader crypto market consolidates, one industry analyst has identified a select group of altcoins...