Just-In: ‪$510 Million In Collateral Liquidations Will Trigger At This Ethereum (ETH) Price

Published by
Just-In: ‪$510 Million In Collateral Liquidations Will Trigger At This Ethereum (ETH) Price

The Ethereum blockchain continues to face issues of high gas fees. Nansen, an Ethereum gas fee tracking platform, revealed that Ethereum gas fees have been on the rise. On the day, median gas fees reached 250 gwei (over $9).

Advertisement

Ethereum investors sight incoming risks

The gas fee has been increasing on the back of an increased number of transactions on the Ethereum blockchain. The biggest gas fee spenders in the last 24 hours have been DeFi crypto lending protocols. Over 18% of the spent gas fees originated from Uniswap, while 1inch and AAVE accounted for 3.43% and 3.20% of spent gas fees respectively.

The data indicates that investors are preparing for risk amidst falling Ether (ETH) price. Per data from Block Analytica, around $510 million in collateral liquidations will occur at an ETH price of $2082.

However, the current gas fees seem to be cheaper than previous months in dollar terms. In December, the median gas fee was around $22 according to data from BitInfoCharts. In January as well, gas costs were on average around $15 per transaction.

Meanwhile, the network plans to completely alleviate volatile gas fees with the arrival of ETH 2.0. The network expects that the migration to proof of stake later this year will bring more predictable gas fees.

Advertisement

Ethereum (ETH) continues trading downward

The price of ETH has been shed over $700 in the last two weeks, falling -24.8%. On the day, Ether is changing hands at around $2,300, down -13.11% at the time of writing.

The current price is an over 50% drawdown from the ETH allall-timeice. Many market pundits, including the founder of Ethereum, Vitalik Buterin, have warned that the entire crypto market may have to bear a prolonged bear market. Bloomberg’s analysts also previously warned that the risk exists that the price of Ethereum could test levers around $1,700.

However, there are still bullish predictions for ETH. A panel of fintech specialists at Finders, a crypto comparison site, predict that 2022 could see an ETH price of $5,000.

Advertisement

Share
Olivia Brooke

Olivia’s interests spans across the Cryptocurrency and NFT and DeFi industry. She remains as fascinated by cryptocurrencies today, as she was back in 2017, when she first started reading up about them.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Will Bitcoin Rally as JPMorgan Tips Fed To End QT at FOMC Meeting?

Bitcoin traders are turning their attention to this week’s Federal Open Market Committee (FOMC) meeting.…

October 26, 2025
  • News

White House Crypto Czar Backs Michael Selig as ‘Excellent Choice’ To Lead CFTC

White House crypto czar David Sacks has shown his support for Donald Trump's nomination of…

October 25, 2025
  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025
  • News

Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit

In fresh developments, the United States and China’s trade teams have commenced negotiations on the…

October 25, 2025