On August 18, analyst Ryan Lee said that every time ETH's Gas fee hits the bottom, it often indicates that the mid-term price has bottomed out. ETH prices tend to rebound strongly after this cycle, and when this moment coincides with the interest rate cut cycle, the market's wealth effect is full of possibilities. Lee said that Ethereum's Gas fee has dropped to its lowest level in five years, which can be attributed to the popularity of memes and the migration of Dapp interactive users to other faster and cheaper blockchains such as Solana and Layer 2. In addition, the Dencun upgrade also improves network efficiency, thereby reducing Gas fees.