When will the Ethereum Gas Fee go down?

[Dr.Osh]

for now, the price of bitcoin has gone up quite a bit, and this has caused the price of ethereum to go up as well. this causes so many transactions and the price of fees to be very high. At the moment, I don't know when the fee price will come back cheap, and I think this increase will continue to rise as bitcoin and ethereum prices rise.

[fahmimajannat]

It will but after eth 2.0 and sheild.
I don’t know why no one is taking step against eth fees. Its just ridiculously increasing.
But i think Something will happen which can balance the eth fee.
Eth's per second transaction amount should be increased in order to decrease the fee.

[meldrio1]

No one knows when the gas fee will go down, ethereum price still increasing so it would take long if we wait to go down the gas fee. And I agree this high gas are killing small investors and traders, it is really not the right time to move your ERC20 tokens in the exchange and also not good withdrawing your eth.

[bitgolden]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

By the looks of it the price may not go down at all, it may actually keep going higher and higher during this period. I think until eip 1550 comes we are going to keep seeing higher prices. We have seen 12 bucks during late summer early September and we said that was way too much and it should go down and it did went down as much as under 1 dollars for a small period, but now we have seen double that 12 dollars number recently, and now it is around 15-17 dollars and people are still paying it that is the problem.

As long as there are people who keep paying those amounts the price will not go down, in order for price to go down we need to have people refusing to do business and stop paying that much amount, then there will be lower and lower numbers that gets passed, and as long as people keep refusing it will have to go down a lot in the end.

[budi12]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

This incident is very troubling for small traders because the transaction costs are so high. and no one knows when this transaction fee will go down again. We all can only hope that in the near future the ethereum platform can return transaction fees to be cheaper than now.

[Iyeman]

Probably when the bull run is finally over? If Ethereum keeps growing higher the gas fee will keep increasing, I don't know what buterin plans to implement the EIP1559 that have been discussed many times already or maybe they have abandoned the idea too? Only whales will benefit here

Vitalik was no abandoned the idea but the implementation of EIP is not easy and there must be an agreement between all of the miners to update their client to support it and that's the problem. When the majority of miners declining it and the solution will never be implemented. Did you know bitcoin voting by a miner to implement segwit? it will be similar to that.

[Princejebs]

when the binance chain more popular the current jam on the eth network will be lower so can be better. most ico , new crypto based on eth so demand pressure is high. recently i have done transaction 50$ gone.

There is a high chance of BSc overtaking adoption from this useless Ethereum and their gas fee brouhaha.
It has become a problem for an average investor to communicate with Ethereum network. Defi is not even encouraging as they use to be during their emergence, I hope they finally find solutions.
I was checking ether gas fee on Etherscan, seems like Elon musk has made it worse with their bitcoin purchased.

[Renampun]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

*which I know the eth gas fee price will go down when eth price goes down...
Ethereum transactions are very high + ethereum prices continue to rise, making gas fees go up too. But I heard an issue that eth 2.0 would reduce ethereum's gas fees, I don't know if that will happen because until now eth 2.0 has not yet been launched.

[Kehindem]

Only God knows when Ethereum gas fee will go down, for weeks now have been hoping that the gas fee will soon reduce, its like am dreaming. don't think the gas fee will go down any time soon. but miracle can still happen. no one knows oo

[Rohtox]

No one knows when the gas will decrease, mate. I can't also send my tokens to the exchange if the gas are too high. I agree, the fees are killing small trader, it's so sad for every trader who have tokens under $10.

[Ziskinberg]

ETH is the project for the billionaires and millionaires who bought eth for $5.

If you are a smart investors you go in projects that are still cheap where YOU/WE become the millionaires and billionaires. And not just make the rich richer.

It's easy to say that mate but we never know what projects will succeed like Ethereum in the future, with thousands of altcoins in the market and probably 10% or less are legit, you'll taking a huge risk so you'll likely to fail or lose. Fees now are high not only for ETH but with other coins as well, I guess this network congestion is the main reason but we can't blame it since we all like to see this bull run, aren't we?

[shinratensei_]

when the binance chain more popular the current jam on the eth network will be lower so can be better. most ico , new crypto based on eth so demand pressure is high. recently i have done transaction 50$ gone.

[snip]

The solution already found and it needs time to implement solution in the working chain. It's not all nodes wanna try to update their client into the new one that was supporting EIP1599.
Visit some sites on the internet and you will get more explanation about what EIP1599 is.
It may take a few months or even more from now to implement it.

[memyselfandi]

No one really knows when this will happen or if it will going to happen. Eth gas fee increased a huge percentage compare to last few years. Sad to say but traders have no choice but to accept it especially most of thr coins are erc20 token based.

[makishart]

No clue about that but you can try to watch the traffic on etherscan and if there chart was showing less tx and there's a possibility for the gas to decrease. Some members have been suggesting the right answer for you dude. People can only follow when the traffic on ethereum network becomes less to send the coin with small gas fees.
When the bull is happening and you can't expect you can send your tokens with very low gas fees.

[Yatsan]

Right now the Ethereum market is currently into hype so we will still not be expecting for the gas fees to reduce in price but can expect more to get expensive while this hype is still up. Miners are the great beneficiaries at this times while we users who are tend to do transactions using Ethereum seems to suffer with that because imagine doing transaction where you are more likely thinking how expensive it would take you to do that transaction more than the amount you are trying to transact with. Actually no one really knows well when the gas fees will reduce but if this will continue to rise up, many users cannot keep up and will just wait until the price gets cheap to become affordable.

[lepbagong]

The gas fee will never go down, because the ethereum price is getting more expensive making Gwei's estimate very expensive too, I can't imagine what if the Ethereum price reaches $ 10k? haha it's terrible to see Gwei or the gas go up 10x too, somehow they take this, if ethereum doesn't do something with this, then a lot of users will turn to its competitors, like polkadot or binance.

something that continues to be a problem that cannot be resolved than ethereum, because what is done has an impact on other fees on the exchanger and this is starting to show, transaction costs are beyond reason and this will make people disrespectful and will look for alternatives like you say.

I have tried to do WD using XRP because obviously the cost is the cheapest for now, but hopefully XRP is not tempted to do the things that are done by almost all exchangers who continue to give fees every transaction is out of control, making it difficult for the bounty.

[yazher]

It's so difficult to make a single transactions now under Ethereum blockchain. A very high gas fees are killing small investors and traders. But miners would love to see gas fees going to the moon because they benefited from it. However, this is not good for Ethereum in the long run, their users/consumers are suffering but their miners are enjoying this high gas fees.
Also, Ethereum competitors will surely grab this high gas fees opportunity. It's not good.
When will the Ethereum gas fee go down? Anyone knows?

The people who hold their ETH right now are the ones winning this bull-run and those who have some altcoins that needed to be traded using the Ethereum Network, have suffered the sudden increase of the gas fee. I'm sorry to say that this kind of scenario will last long especially when the price of ETH is high and there are lots of people currently using the network for their activities. This is a lesson for us whenever we have some tokens in our wallet, we need to stack some ETH to be used for later transactions especially when the price is high like what we are experiencing now.

As you can see, this is not pleasing to watch:



Via: https://ethgasstation.info/

[SquirrelJulietGarden]

The gas fee will never go down, because the ethereum price is getting more expensive making Gwei's estimate very expensive too, I can't imagine what if the Ethereum price reaches $ 10k? haha it's terrible to see Gwei or the gas go up 10x too, somehow they take this, if ethereum doesn't do something with this, then a lot of users will turn to its competitors, like polkadot or binance.

Fees are the big matter for small movements and small investors or traders but Polkadot or Binance Smart Chain (BSC) won't surpass Ethereum simply because of fee. When fee on ERC20 is cheaper than on BTC network, did Ethereum has a price higher than bitcoin. It did not happen. Same will be for Polkadot and BSC.

Defi makes all of this an increase in Ethereum transactions. besides that, airdrop claims on Exchange dex also make an increase in transactions and also NFTs. There are many factors apart from the price of ethereum which are increasing

DeFi smart contracts are complex and they have bigger size, and bigger transaction fees. You can not know how complex their smart contracts are and you only know it when you fill in details and prepare to broadcast your transactions.

Avoid US early morning time can help you to enjoy cheaper transaction fee on ETH network.

[sangkler11]

If you ask when etherum transaction fees go down, maybe after ethereum 2.0 fully launched, for now it's impossible to see gas fee for transaction below 50 gwei, I think this problem happened after hype of DeFi tokens that make the ethereum network congested.
I still looking forward to see ethereum transaction fees below 10 gwei.

[Argoo]

The gas fee will never go down, because the ethereum price is getting more expensive making Gwei's estimate very expensive too, I can't imagine what if the Ethereum price reaches $ 10k? haha it's terrible to see Gwei or the gas go up 10x too, somehow they take this, if ethereum doesn't do something with this, then a lot of users will turn to its competitors, like polkadot or binance.

Ethereum gas charges should plummet at some point in the implementation of Ethereum 2.0 improvements, when scalability increases. However, this process, which began on December 1, is designed for two years. So far I have not come across a specific time frame for these events. Apparently, this cannot yet be foreseen in practice, since it will depend on many factors. Let's hope that Buterin understands the importance of speeding up this process.