diff --git a/core/error.go b/core/error.go
index e6e6ba2f90..b659e69f82 100644
--- a/core/error.go
+++ b/core/error.go
@@ -68,6 +68,10 @@ var (
 	// is higher than the balance of the user's account.
 	ErrInsufficientFunds = errors.New("insufficient funds for gas * price + value")
 
+	// ErrEip4844InsufficientFunds is returned if the total cost of executing an EIP-4844 transaction
+	// is higher than the balance of the user's account, including the cost of blob gas.
+	ErrEip4844InsufficientFunds = errors.New("insufficient funds for gas * price + blobGas * blobGasPrice + value")
+
 	// ErrGasUintOverflow is returned when calculating gas usage.
 	ErrGasUintOverflow = errors.New("gas uint64 overflow")
 
diff --git a/eth/gasestimator/gasestimator.go b/eth/gasestimator/gasestimator.go
index f07f98956e..2a881325f5 100644
--- a/eth/gasestimator/gasestimator.go
+++ b/eth/gasestimator/gasestimator.go
@@ -80,6 +80,14 @@ func Estimate(ctx context.Context, call *core.Message, opts *Options, gasCap uin
 			}
 			available.Sub(available, call.Value)
 		}
+		if opts.Config.IsCancun(opts.Header.Number, opts.Header.Time) && len(call.BlobHashes) > 0 {
+			blobBalanceUsage := new(big.Int).SetInt64(int64(len(call.BlobHashes) * params.BlobTxBlobGasPerBlob))
+			blobBalanceUsage.Mul(blobBalanceUsage, call.BlobGasFeeCap)
+			if blobBalanceUsage.Cmp(available) > 0 {
+				return 0, nil, core.ErrEip4844InsufficientFunds
+			}
+			available.Sub(available, blobBalanceUsage)
+		}
 		allowance := new(big.Int).Div(available, feeCap)
 
 		// If the allowance is larger than maximum uint64, skip checking