Santiment: Ethereum fees hit a 6-month low, indicating that the counterfeit products season is approaching
2024-04-29 01:55:25
Santiment, an intelligence platform for on-chain and off-chain metrics, said that despite the rising price of Ethereum, gas fees on the Ethereum network have fallen to a new six-month low, which may herald an upcoming rebound in counterfeit products. Trader sentiment tends to peak at the top of the market and trough at the bottom of the market. In February, gas fees on Ethereum reached an eight-month high, and now low fees may herald an increase in activity on the Ethereum network in the future, as well as the start of a rebound in counterfeit products.
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