Santiment: Ethereum Fees Hit a Six-Month Low, Indicating the Imminent Alt Season

According to Santiment, a blockchain and off-chain data analytics platform, despite the rising price of Ethereum, gas fees on the Ethereum network have dropped to a six-month low, which could indicate an upcoming rebound of altcoins. Trader sentiment often reaches a peak at market tops and reaches a low at market bottoms. In February of this year, Ethereum gas fees reached an eight-month high, and the current low fees may indicate an increase in future Ethereum network activity and the beginning of a rebound in altcoins.