Cryptocurrency Q&A
How to know when ETH gas fees are low?
How to know when ETH gas fees are low?
Rosalia
Fri Dec 27 2024
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5
answers
1030
I want to know how to determine if the gas fees for Ethereum transactions are currently low. Is there a way to check or predict when the fees will be at a lower level?
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5 answers
DongdaemunTrendsetting
Sat Dec 28 2024
Another optimal time for performing Ethereum transactions is late at night, between 9:00 and 11:00 UTC. During these hours, the network also experiences reduced congestion, resulting in more affordable gas fees.
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Eleonora
Sat Dec 28 2024
It's important for Ethereum users to be aware of these patterns to minimize transaction costs. By scheduling transactions during low-fee periods, users can save significant amounts of money.
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Davide
Sat Dec 28 2024
The timing of Ethereum gas fees plays a crucial role in determining the cost of transactions.
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Elena
Sat Dec 28 2024
Specifically, Ethereum transaction fees tend to peak between 2 and 6 PM UTC. This is a period of high network congestion, leading to increased competition for block space and subsequently higher gas fees.
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BonsaiStrength
Sat Dec 28 2024
Conversely, the lowest Ethereum gas fees are observed during off-peak hours. These include early morning hours, specifically between 1:00 and 2:00 UTC, when network activity is relatively low.
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