# Where's the ETH Bottom?

*Author: Bankless*
*Published: Sep 10, 2024*
*Source: https://www.bankless.com/de/wheres-the-eth-bottom*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Frame-50572--4--1.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=are-l2s-ethereum&email=true)

  
Where's the ETH Bottom?
    
  

  
  Published on Sept 10, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
Crypto Fraud Surged in 2023
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Group-14---2024-09-10T175255.324.png)](https://www.bankless.com/dashboard)- 🥷** FBI Reports Huge Crypto Fraud Surge in 2023.** The FBI reports crypto-related fraud schemes [cost victims as much as $5.6 billion](https://www.bankless.com/fbi-reports-huge-surge-crypto-fraud-in-2023).
- 🧑‍💻 **Venmo, PayPal Integrate ENS Domains. **Users [will soon be able](https://www.bankless.com/venmo-paypal-integrate-ens-domains) to send crypto payments to .eth addresses.
- 🇺🇸 **North Carolina Senate Passes Bill Banning CBDCs.** The Republican-led Senate [managed to override](https://www.bankless.com/north-carolina-senate-passes-bill-banning-cbdcs) a governor veto.
[](https://www.bankless.com/uniswap-extension-browser)

.  .  .

 
  
    

    MARKET VIBES

  
  
STRK Reality
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **The Ethereum L2 sector has had a truly brutal spring and summer with most major players down 60+% since they topped out at the beginning of the year. Starknet's STRK token is in a tougher spot than most, down a whopping 89% since its debut, [falling another 6%](https://coinmarketcap.com/currencies/starknet-token/) on Tuesday.

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.03T
       

  
    
    ↗ 0.6%
    
  

   
    
     0.0%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $57,634
       

  
    
    ↗ 0.3%
    
  

   
    
    ↘ 0.8%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,381
       

  
    
    ↗ 0.6%
    
  

   
    
    ↘ 3.4%
    
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/18876.png)
    

  **APE**
   
          $0.83
       

  
    
    ↗ 2.8%
    
  

   
    
    ↗ 40.2%
    
  

  

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🍌**New Token Rating: ApeCoin** is enjoying its strongest monthly start since February. How will APE perform in the months to come?[Unlock APE on Token Hub](https://www.bankless.com/tools/token-hub/apecoin)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
Are L2s Ethereum?
  
  
   
     
     Bankless Author: 
     
       [
       
       Jun](https://www.bankless.com/author/arjun)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/image---2024-09-10T175602.917.png)](https://www.bankless.com/are-l2s-ethereum)**Ethereum has been in hot water lately.**

Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.

This narrative has sparked a crucial debate: Are L2s Ethereum? The answer, as with most things in crypto, is a delightful mix of mess and simplicity. 

So, let’s take a closer look at both sides of this argument and explore the relationship between Ethereum and L2s. 👇

[Read More on Bankless.com](https://www.bankless.com/are-l2s-ethereum)
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