Real Vision analyst Jamie Coutts believes that Ethereum (ETH) could be poised for a major rally given the current market conditions. Coates revealed on the social network However, he warned that activity on the Ethereum network would need to increase significantly for the bull run to begin. Interest rates are at a four-year low. The analyst also noted that revenue from the cryptocurrency ecosystem has declined year-over-year. The lower fees reflect lower network activity as users face less competition when transacting on cryptocurrency networks.
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