This index accurately predicted extremely large ETH and Altcoin price increases! You need to know this before other investors.
Gas fees on Ethereum have fallen to their lowest level in the past 6 months. This can completely create a basis for Altcoin price growth, based on past data.
Santiment's research has shown that Gas fees on Ethereum peaked coinciding with the period when ETH price peaked. This also happened when Gas fees hit bottom, ETH price also hit bottom.
With the current situation, Sentiment predicts that ETH will soon increase in price and lead to the price of other Altcoins increasing. Some other positive factors are supporting Altcoin season, which are Whales continuously accumulating ETH and the expectation that Spot Ethereum ETF will be approved by the SEC this year.
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