How is gas price determined on Ethereum?

The exact price of the gas is determined by supply, demand, and network capacity at the time of the transaction. On the Ethereum blockchain, gas refers to the cost necessary to perform a transaction on the network. Gas prices are based on supply and demand for the network's validation requests.

How much gas do I need to transfer ETH?

To illustrate the total fee formula, let’s say that I am looking to send you 1 ETH and the average amount of gas required to transfer ETH on the Ethereum network is 23,000 gwei. I would set that as my gas limit.

Does etherscan have a gas tracker?

EtherScan provides a gas tracker that shows the day's high, low, and average gas fees, so you can try to time your necessary transactions using its tracker or another like it. The website also provides a Chrome extension you can install to the browser that lets you see gas prices in real time.