The Ethereum network had its cheapest day in six months, which could indicate that an altcoin rally could come sooner than many expect.
Despite flat ETH trading over the weekend, Ethereum network gas fees hit a six-month low, a development that could be a sign of an impending altcoin rally.
The average Ethereum transfer fee fell to $1.12 on April 27.
In February, Ethereum gas fees reached an eight-month high amid a wave of interest in the ERC-404 standard.
Lower gas fee costs could indicate increased activity on the Ethereum network in the future and mark the start of an altcoin rally.
As the market has retreated sharply over the past 6 weeks, a lack of demand and network pressure could help ETH and related altcoins make a comeback sooner than many expect. ”
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