I don't know when ETH fees can drop again, but if the current situation persists and many people are still interested in Defi projects then I believe ETH fees will go up $ 10 or even high more like that next time
When goes down eth price then gas fees reduce. Really 5$, $10 not small gas fees for a beginner trader or investors. Yes definitely right hype now and many investors want invest in defi project without analysis lol. Without research for a crazy investors thinking.
This kind of eth gas prices happened before and it will settle down for sure, I don't have any transactions now so I don't know what is the price of gas but I think it's really high due to the hype of this deFi projects that lead to network congestion. I am hoping that eth 2.0 will be released sooner than it's expected deadline.
Hopefully there won't be any delay for the upcoming ETH 2.0 update, if they continue to postpone it then I believe many people will be disappointed with it and stop investing in ETH. Btw today Gas has dropped quite a bit and now we only need to pay 1 $ to be able to make transactions.