When will the Ethereum Gas Fee go down?

[redsun114]

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.

In order to be able to pay a lot of fees, as much as 30-50 dollars and even more for the fees you need to be a whale, nobody with small amount of money will be neither capable of spending it nor would be willing to spend it this much. That is why I think it is obvious that we are in a whale situation where every one of them are here and they are increasing the price as well.

When whales are in, they have a lot more money than regular folks like me, which doesn't only make the fee's higher because they can pay it, that is just one part of it, this also increase the price of ethereum because they end up buying more ethereum as well, they have a lot of money so when they buy it goes up obviously. That is just what I am guessing at least because whales are evidently around.

[Oneandpure]

Honestly i don't know when the ETH gas fee go down because there are many platforms using high gas fee in the network.
As long as they still using high amount of gas fee, the others will have to follow to using high gas fee too.
Maybe small traders better to using other blockchain than Ethereum so they won't lose too much funds from the gas fee.

You can see gas how much you pay when make transaction, with using myetherwallet they will recommended fast gas transaction and you can use lower gas as transaction but have risk when your transaction failed you loss your eth, last week I need $7 for sending coin but using lower fees transaction and take time about 20 minutes to be success, we are bounty hunter still hope eth gas could down because almost bounty coin still use erc20 platform coin.

[bitkanu]

Honestly i don't know when the ETH gas fee go down because there are many platforms using high gas fee in the network.
As long as they still using high amount of gas fee, the others will have to follow to using high gas fee too.
Maybe small traders better to using other blockchain than Ethereum so they won't lose too much funds from the gas fee.

Those platforms were not causing the problem in ethereum chain but I see that there are some addresses that is used to spam the network with very high gas fees. Idk whether that's a trick that used by the ethereum's competitor to make people move to another chain but you can also watch it on etherscan because the address is very active sending zero transaction with high gas fees.
The small traders are not able using ethereum chain again. they have been moving to the BSC.

[maxig.boroday]

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?

Yes, that's why miners were preventing the implementation of ethereum improvement proposal 1599

This caused by miner can't earn the crazy fees again from the users

https://nairametrics.com/2021/02/07/miners-earn-a-whopping-3-5-million-per-hour-on-ethereum-network/

This time the tx fees are around $4 for ethereum tx and $8 - 10$ for the token transfer. Can you afford it? it's quite low right now dude. No one knows when the tx fees will decrease but it's likely the fees will sustain at this level until the implementation of EIP.

Correct!!! But buterin should do something into this gas fees since its too much to be honest.

[carrie_white]

of course the gas fee price will follow the ethereum price, for now the transaction gas fee is very high because the crypto market is still very high in transactions, and it looks like it still has the potential to continue to grow and rise

[poodle63]

Honestly i don't know when the ETH gas fee go down because there are many platforms using high gas fee in the network.
As long as they still using high amount of gas fee, the others will have to follow to using high gas fee too.
Maybe small traders better to using other blockchain than Ethereum so they won't lose too much funds from the gas fee.

It gonna go down when sharding implemented this layer 1 gonna increase the transactions per second like very significantly but we're still long way to go.
Honestly ETH gas fee won't go down maybe in few months forward because the price of ETH also affect the fee a lot.
If we expect the gas fee to go down significantly that also means we expect the price to go down. Otherwise with the existence of dapps and many that add demand to the blockchain it will hardly go down.

[Oneandpure]

of course the gas fee price will follow the ethereum price, for now the transaction gas fee is very high because the crypto market is still very high in transactions, and it looks like it still has the potential to continue to grow and rise

When ethereum raise to higher price gas will allow up but first time gas up when DeFi project coming and many trader sell and buy coin on Uniswap, this the first time make eth gas have higher price and now we make many tansaction using higher gas fees. But now we see many trader is not care how much fees payment when selling or swap coin on Uniswap.

[gabbie2010]

Honestly i don't know when the ETH gas fee go down because there are many platforms using high gas fee in the network.
As long as they still using high amount of gas fee, the others will have to follow to using high gas fee too.
Maybe small traders better to using other blockchain than Ethereum so they won't lose too much funds from the gas fee.

It gonna go down when sharding implemented this layer 1 gonna increase the transactions per second like very significantly but we're still long way to go.
Honestly ETH gas fee won't go down maybe in few months forward because the price of ETH also affect the fee a lot.
If we expect the gas fee to go down significantly that also means we expect the price to go down. Otherwise with the existence of dapps and many that add demand to the blockchain it will hardly go down.

Dapp, DeFi and other projects linked with ethereum had jam-packed the network thus prompting the surge in the price of the transaction gas, the only way out or way forward is to incorporate the improved ethereum into the network however miners will continue to ride on the with the present high fees to earn huge profits to the detriment of teeming users of eth who have to paid exorbitant gas fees.
Personally I don't expect the fee to go down bearing in mind that we are in a bullish market.

[jesselui]

Everyone is expecting this fee to decrease, but it will not. I am waiting for many transfers too. Otherwise I have too much money. I think it will continue like this for a few more weeks, then normalization happens.

[Princejebs]

of course the gas fee price will follow the ethereum price, for now the transaction gas fee is very high because the crypto market is still very high in transactions, and it looks like it still has the potential to continue to grow and rise

As long as Uniswap and other popular decentralized exchange are used daily for trading, gas war will never seize to end. The traders are always fighting over initial decentralized offering and how to get tokens of a particular project by using high gas fee and bots in other to chance one another. Once this transaction dominate the entire blockchain, there is no way than the network to adjust to gas fee and this result into gas war between common traders and whales.
This is why ethereum network is becoming tiring for common retail traders and I dislike this movement because I don't know when it will end.

[nykka]

While DeFi continue to become more and more popular and new people join the sphere, I don`t wthink we will see small fees. Unfortunately, only a huge people outflow or ethereum 2.0 can help us. The first one can happen because of the big market fall (it`s more probable)or huge ethereum problems. ETh 2.0 will be deployed in some years, so all we can to do now is  just to wait and use all lifehacks like (txs are cheaper at night etc)

[Kocret02]

of course the gas fee price will follow the ethereum price, for now the transaction gas fee is very high because the crypto market is still very high in transactions, and it looks like it still has the potential to continue to grow and rise

That's right, and there will be no way to reduce the cost of Gas which is currently expensive unless someone wants to move to another platform that costs less than the one on the Ethereum platform.

If this is true, what if the higher ethereum price means the fee price will be higher? If this is true, it seems that in the future Ethereum fees will be increasingly expensive. because the Ethereum price prediction will be higher in the future

[max6575]

yes i still wait to work of more on trading with the ether delta after the good chance as the fall of network fee with the transaction, i hope soon the market or network will be recover as i need to exchange my ferrum token as the rise on price i am afraid those to fall again with the lower price.

[ancafe]

this question is difficult to answer. however, we need to wait for transactions to become less congested just yet. it's just that, currently many are waiting for cheap fees to make transactions, and this also makes transactions more solid. Honestly, right now I also want to make a transaction, but it's very difficult to do that because of the high fee. I even lost 0.0044 eth due to reducing gwei and making my transaction fail. because of this, I kept waiting for the fee to become cheap.

[skarais]

We will continue to see many complaint about unfair transaction fee at this time. We have to pay a lot to the miner and because of that they are probably the biggest beneficiaries right now due to the increased fee.

Since Uniswap has become a preferred exchange target by the DeFi and ethereum communities, since then the fee of gas has been seen to be very high. In my opinion, Uniswap is one of the factor causing the increase in transaction fee at this time. They are ranked first today with the highest gas consumption. We never know when these fee will drop, but I hope ethereum developer can do something good to bring down the current transaction fee.

[Rehan Zakir]

Due to the high price of Ethereum, the gas price is also very high. But small traders shift to other blockchain because of Ethereum fees. A small transaction takes upto 10-20$. So, it is very difficult for a small investor to pay this high fees on every transaction.
But Ethereum fees varies time to time. Sometime gas fees is very high and sometimes it is low. So, observe it when the gas fees is low then make a transaction

[lousie9]

bro, nobody knows when the Ethereum gas costs will go down. As we have seen in the last week to date, the price of ETH is still significant around $1800. So I don't think gas costs will go down any time soon, On the other hand, when Ethereum prices go down maybe gas costs will also go down. .

[abel1337]

We will continue to see many complaint about unfair transaction fee at this time. We have to pay a lot to the miner and because of that they are probably the biggest beneficiaries right now due to the increased fee.

Since Uniswap has become a preferred exchange target by the DeFi and ethereum communities, since then the fee of gas has been seen to be very high. In my opinion, Uniswap is one of the factor causing the increase in transaction fee at this time. They are ranked first today with the highest gas consumption. We never know when these fee will drop, but I hope ethereum developer can do something good to bring down the current transaction fee.

This is true.  Uniswap is one of the biggest contributors to making ETH fees high. Defi trend makes the Ethereum network go overload with transactions that caused congestions to the network that results in high transaction fees/gas but we can't blame them because we all share the same network. It's just sad that some people are cheaping out gas fees and ending up having failed transaction that makes them spend more.

Let's wait for ETH 2.0!

[kaya11]

Every hour the gas always changes with an estimated transaction of $5 - $10 so no one really knows when it will go down, but in my view, if the price of ETH is still soaring, gas will remain high so it is difficult for investors or small traders to make transactions with gas loading. This expensive, of course if we have a token there is no solution except waiting for the gas to go down. Moreover, if we swap at Uniswap some even say $50 more for one swap there is really very expensive.

I've recently sold one of my tokens and I had gas upto 12 dollars just to sell and bring back the money to my wallet. It's really frustrating but I guess it's a win win situation. The thing is I have earned money for almost a dead coin, and I am also a miner of ethereum so it's okay I guess just for now.

[PixxelDesign]

These gas fees making Uniswap purchases really expensive, so I really hope the fee will go down drastically very soon. Same with Metamask, tried to send 0.25 ETH and I almost had a heart attack when I saw the fee.