Ethereum network fees are the lowest in 6 months... Is an alt rebound imminent?

“Ethereum (ETH) network fees have fallen to an average of $1.12 per transaction, the lowest in the last six months,” cryptocurrency on-chain analytics platform Santiment said on its official X (formerly Twitter) account on Monday (Nov. 28), suggesting that an altcoin rebound could be coming sooner than expected. “Trader sentiment goes in cycles, which can be seen in blockchain network fees. Fees tend to peak around the highs of native tokens and stabilize around the lows. The retracement across the crypto markets over the past six weeks has cheapened fees, and could set the stage for a recovery in Ethereum and related altcoins sooner than expected.”