When will the Ethereum Gas Fee go down?

[Nisterse]

Only one thing I think by reading this, ETH is not for small time traders and investors anymore considering how high the gas fees are now. But tbh, I dont think theres much change with this. The trading volume of ETH is still doing good and I think thats because of DeFi's and ETH 2.0.

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[Yamifoud]

Fees are so crazy this, it is stopping most of us to transfer tokens for trade and also ETH itself. Altcoin holders are so much suffering now, they are holding for a long time waiting for this moment to come that the market price rising but it is very unfortunate that they can't still be sent their coins for a trade because of these unacceptable fees.
And for me, I'd rather have to hold than to do the sacrifice and just getting half the value. Still, we become a loser and these miners are only benefiting from this surge.

[Kasabus]

Only one thing I think by reading this, ETH is not for small time traders and investors anymore considering how high the gas fees are now. But tbh, I dont think theres much change with this. The trading volume of ETH is still doing good and I think thats because of DeFi's and ETH 2.0.

Yes, but I also believe that the problem of high fees on the ETH platform will also experience changes for the better in the future, because I see transaction fees on the ETH platform are never permanent.

Of course, not. But what we have now is really high and it not good for small investors, they are supposed to save fees but they have no choice.

We wanted the crypto market to have a better future but if that only cause fee goes high, I preferred not to see it anymore, much better to stay where we are in the past in which the fees are so small and acceptable to everyone. I'm afraid that it even grow higher as the market continues to increase, which only a few people could take the fees.

[aioc]

I have a lot of small amount of tokens that I want to trade but I will end up with no profit and will have to spend more than what I can trade, this is really not good if this continues the volume will go down, and only whales and big traders will trade, this is a golden opportunity for other platforms to challenge Ethereum, which has become annoying for traders there should be a fix sooner.

[Momoamzad]

It is really painfull for small traders to big traders. It takes so many gas fees for a single transaction. Because Eth price is going  to high er and higher  and i'when it will stable may be gas price can be low . Even swap also taking high price for swap  .

[terible.hunter]

This is really the right question. I wanted to buy TOSA tokens about which I saw in one telegram group, but my purchase for $ 300 of TOSA tokens cost me $ 500. $ 200 commission is awful!

[geegaw]

I have a lot of small amount of tokens that I want to trade but I will end up with no profit and will have to spend more than what I can trade, this is really not good if this continues the volume will go down, and only whales and big traders will trade, this is a golden opportunity for other platforms to challenge Ethereum, which has become annoying for traders there should be a fix sooner.

Many members and airdrop hunters are falling into a similar situation when the costs for the conversion are too high compared to the profit they can receive after selling their tokens but even with more complaints about this, the ethereum team hasn't been able to provide a definitive solution yet, maybe other updates are only coming when they face the big competition as you say. Part of the problem of too high ethereum gas fees can also be attributed to too much FOMO, we want more profits from ethereum, we will have to accept higher costs, which is fair

[Oneandpure]

Waiting ethereum gas fee go down we need when eth price dump under $700 again and get lower fee gas transaction, but if ethereum still up above $1,600 we have to get used with higher gas fees transaction, look very hard for us on bounty campaign hunter position because almost bounty coin reward as erc20 platform, we need much fees transaction if wanna sent coin to exchange market and always waiting at the morning to get little lower fee gas.

[Jocuserious]

If eth price goes down again in under $600 then gas fees goes to down. But i don't think it can happing easly because btc and eth price up everyday. Basically higher gas fees a big problems for all small traders, hunter and airdrop rewards. I hope we should wait very long time for coming back lower gas fees.

[memyselfandi]

Waiting ethereum gas fee go down we need when eth price dump under $700 again and get lower fee gas transaction, but if ethereum still up above $1,600 we have to get used with higher gas fees transaction, look very hard for us on bounty campaign hunter position because almost bounty coin reward as erc20 platform, we need much fees transaction if wanna sent coin to exchange market and always waiting at the morning to get little lower fee gas.

This is right, eth gas fee will never go down or decrease not until those new projects will not going to be a erc20 base token. One basic reason why eth gas free is continuously increasing is because a lot of people are using it which is the reason why a lot of people are using it because most of the existing and new projects are related to eth or like I said erc20 base token.

[kooboat]

It's  still  unclear when the gas price would  stabilise to facilitate  quick and easy transactions. Last year,  when the gas price began  to increase insanely,  I thought  the  main challenge  was  about  the craze for the DeFi projects  that congested  the Ethereum  blockchain  network.  The situation  seems not to be returning  to normal and it has greatly  affected  crypto  investors  with  small amounts.

[Zemomtum]

When ETH 2.0 is implemented. Everybody is waiting for this, the gas fee presently is going out of hand, somehow more than bank charges which might be a great disadvantage if something is not gets done at earliest.

[Banulit]

I think that this problem regarding the ethereum gas fee must be fix by the developers because it causes plenty of problem by the crypto enthusiasts. They must do all necessary way to fix it because if not many crypto enthusiasts will definitely shift to different blockchain that offers a much lesser gas fee such as polkadot and stellar ecosystems.

[m_nief]

this is a dilemma where if Ethereum gas fee go down, miners are less interested because they get smaller from mining, but on the other hand this will attract many traders who will increase their transactions through ethereum because of the small gas costs

[LogitechMouse]

I don't know what would be the perfect answer for this because nobody knows when it will go down or worse, it will not go down anymore.

If you are transferring huge amounts in the ETH blockchain then the fees right now is just a small portion of the total amount you want to transfer. On the other hand, if you are just transferring just small amounts then fees will eat your whole money. You have 2 options, either wait for the perfect timing for the fees to go down (if it will happen) or stockpile all of your ERC20 tokens and withdraw/swap them at once.

Your decision still.

[cilgindansci]

Ethereum can never be permanent with these transfer fees. Currently, many new investors have met the market. These investors use Ethereum in their first transactions.
Over time, this demand will decrease and people will trade on more beneficial platforms. Ethereum should do something about transfer fees before it gets too late 

[ije07]

no one can be sure when the cost of Ethereum will go down, meanwhile the price of Ethereum itself is still very significant and the real usage or transactions on this platform are always increasing every day. for most holders of small amounts of erc20 tokens will be very depressed at these ridiculous eth transaction fees.

[trauchot]

It's hard to say, for more than a year now, transactions on the Ethereum blockchain cost colossal money and this somehow does not really worry Ethereum developers, so for now we can only dream for the moment when the gas price will fall to minimum values, and of course I think that the gas price will fall when the deep correction of the entire cryptocurrency market will begin, so when the correction will begin, then the gas will most likely begin to fall to its minimum values.

[bakasabo]

When ETH 2.0 is implemented. Everybody is waiting for this, the gas fee presently is going out of hand, somehow more than bank charges which might be a great disadvantage if something is not gets done at earliest.

Not just "somehow more", but greatly more than banks charge for transactions. Inner country transaction cost me nothing. Abroad transaction cost me 0.5 EUR for Sepa (slow and has no option to send a receiver any kind of confirmation I've made a transaction) or 20-30 EUR for a swift transaction. While Ethereum network offered me yesterday to pay 55 USD commission for a normal speed transaction.

This whole situation with fees seems has no solution. Everyone wants Ethereum price to be high, yet high price means high commission. If the commission is not reducing, that means people are ready to pay high commission. If they are ready to do it, why decrease...

[MishaSER]

I fully agree that rising gas charges have made many DeFi protocols virtually unusable in the future which could negatively impact the market price of Ethereum. Probably after the launch of EIP-1559 we will see a decrease in gas prices, but the exact launch date is not yet known.

I read that Vitalik Buterin supported this idea, but as I understand it, the miners themselves do not want this. I don't understand how this works, but clearly someone is preventing this from happening. https://twitter.com/VitalikButerin/status/1318387259482066945