Does the bottoming out of Ethereum Gas mean that the market has bottomed out? The low Ethereum Gas is the result of the downward trend of the market, but it is not the direct driving force of the market reversal, and it has no necessary connection with the absolute bottom.

However, the trend of Gas develops in the same direction as the trend of price. When the market declines, Gas often declines synchronously, and vice versa. For example, the bottom of Gas in October 23 was also the extreme price of the previous and next few months. The downward trend of prices in April this year was also accompanied by the downward trend of Gas.

This means that although it is not equivalent to the absolute bottom, the bottoming out of Gas increases the possibility of an upward reversal trend, which is one of the potential conditions. The Gas trend can be used as a reference for the market, and attention should be paid to when the reversal forms a rising trend of Gas.