some said the best time is when it's middle night in the US since many of big holders coming from there but idk.
Possibly so because things about rush hours usually lead to extra cost even in real life like tansportation, real estate and also data usage/ and congestions. So it is likely that low time rush can be good for transactions not only US time zone. I have witnessed a high fee during rush hours and volatility times.
Meanwhile, the instance of eth used as gas fees for erc20 tokens transfers are really hard and painful that you don't have what to do especially when you can't wait out the high fee.