ETH price is down but ETH gas is making a column, guys. The highest gwei is nearly 1,000 gwei. Currently around gwei 21.

The reason is often said to be the whale, the fund sold out, and the loan orders could be in danger, so everyone took the opportunity to pay off debt and strengthen their position.

The recent massive sale of ETH may be the result of a series of recent actions by MMs and Whales including:

• Recent market activity shows that large ETH sales are taking place, with over 90% of ETH sold on exchanges.

• A whopping $510 million of the total $550 million in wallets has been converted to stablecoins, and these stablecoins are being transferred back to wallets rather than withdrawn from exchanges.

• Jump Trading fund alone has unstaken nearly 500 million stETH and transferred them to the CEX exchange.

• This behavior suggests that the selling may have been strategic, possibly involving the purchase of put options before the sell-off.

• This could therefore create a buying opportunity as the market may be overreacting to these sales.

Rumor has it that Sun was liquidated for another $300M, he must have pumped a lot into the staking areas.

Is it still okay to plug in ETH loan $ ?

I think that gas increases like this will also have some fish operating on DEX taking advantage of stockpiling. Now there's $ left to allocate DCA capital. If you want to structure the port, I think I'll wait, there's nothing left now. If I run out of capital, I'll post a bet to hunt for airdrops ^^