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The Gas Is Rising While Ethereum Is Falling

Ethereum dropped over 28% in just a few hours. As a result, the price of gas has jumped significantly.

Ethereum collapsed in tandem with Bitcoin, reaching a low of $ 130. As a result, gas prices jumped significantly.

ETHGasStation – a gas news source – wrote the following on Twitter.

“Keep in mind that gas prices are extremely high.”

The source also noted that the transaction price for the transaction confirmation gas is $ 0.301 or 101 gwei.

It seems like too many people have started to panic. As a result of this volume, sellers already have to pay a very high fee or wait for more for confirmation.