# Has ETH Bottomed Out?

*Author: Bankless*
*Published: Sep 20, 2024*
*Source: https://www.bankless.com/es/has-eth-bottomed-out*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Frame-50572--1--2--2-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=bankless-guide-to-sonic&email=true)

  

Has ETH Bottomed Out?
    
  

  
  Published on Sept 20, 2024

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=bankless-guide-to-sonic&email=true) — Mass adoption of decentralized & token-governed technologies.

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Funds on Solana
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/Group-14---2024-09-20T161001.057.png)](https://www.bankless.com/dashboard)- 🤑 **Franklin Templeton Plans Mutual Fund on Solana.** The asset manager [announced plans](https://www.bankless.com/franklin-templeton-plans-mutual-fund-on-solana) for a pooled investment vehicle on the chain at Solana's Breakpoint conference.
- **🌼 'Vitalik: An Ethereum Story' Documentary Debuts Onchain. **The new documentary [provides](https://www.bankless.com/vitalik-an-ethereum-story-documentary-debuts-onchain) an intimate portrait of the Ethereum founder.
- 🦊 **Judge Tosses Consensys Suit Against SEC. **Consensys [was seeking regulatory clarity](https://www.bankless.com/judge-tosses-consensys-suit-against-sec) around its MetaMask wallet offerings and ETH's security status.

.  .  .

 
  
    
      
      GO BANKLESS
    
    
  
  
    
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    MARKET VIBES

  
  

Bottoming Out?
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Yesterday's glorious post-rate-cut rebound stalled for the broader crypto market Friday as BTC prices slipped and alts progress slowed. Meanwhile, a 3% bump took ETH back above $2,500 after spending most of September below the marker. Ethereum's investors are hoping for some extended relief after a down-only summer for ETH; will the recent rate cut provide the momentum needed for the ecosystem to recover? 

Prices as of 6pm ET
24hr
7d

 

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

  **Crypto**
   
          $2.19T
       

  
    
    ↗ 0.2%
    
  

   
    
    ↗ 4.3%
    
  

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

  **BTC**
   
          $62,871
       

  
    
    ↘ 0.4%
    
  

   
    
    ↗ 4.8%
    
  

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

  **ETH**
   
          $2,545
       

  
    
    ↗ 3.2%
    
  

   
    
    ↗ 5.1%
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/9481.png)
    

  **PENDLE**
   
          $3.60
       

  
    
    ↗ 4.2%
    
  

   
    
    ↗ 5.0%

    
  

  

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🕥**New Token Rating: **Arthur Hayes is getting [loud](https://x.com/altcoinsherpa/status/1837023261835809118) about **PENDLE** at Token2049 while simultaneously liquidating his onchain holdings. What's driving this move?[Unlock PENDLE on Token Hub](https://www.bankless.com/tools/token-hub/pendle-finance)

.  .  .

 
  
    

LEARN

  
  
    
A Beginner's Guide to Sonic 
  
  
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/09/image---2024-09-20T161320.130.png)](https://www.bankless.com/bankless-guide-to-sonic)Buzz around Fantom's transition to **Sonic** has sent the FTM token on a 40% climb this month.

Sonic is a fully EVM-compatible Layer-1 blockchain that combines the speed and scalability of an L1 chain with a custom Layer-2 bridge connected to Ethereum. This dual-layer design offers low-cost transactions, fast processing times, and enhanced security, making Sonic a hybrid solution between traditional L1 and L2 chains.

Its blockchain architecture supports over 2,000 transactions per second (TPS) with sub-second confirmation times, a significant improvement from Fantom’s previous 200 TPS on the Opera chain.

*Take a look at our newest Bankless Guide with all of the Sonic details *👇

[Read More on Bankless.com](https://www.bankless.com/bankless-guide-to-sonic)
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