ETH Stalls Near $2,670 Amid Regulatory Focus

Ethereum's price hovered around $2,670 after a 2% decline over the past week. Regulatory clarity remains a top priority for investors as they await further developments in the shifting legal landscape.

The Ethereum Foundation announced that its Glamsterdam upgrade is set to activate on the Sepolia public testnet on October 6, allowing developers to test protocol changes aimed at boosting capacity and block-building.

A surge in spot ETF inflows of about $690 million over the past week indicates strong institutional interest, despite concerns that momentum signals may be stretched. Regulatory focus remains elevated following the US Securities and Exchange Commission's clarification that ETH staking services do not constitute securities, although this could change with future actions.

The technical outlook for Ethereum remains positive, with a robust trend strength indicated by MACD and ADX values. However, RSI is approaching overbought territory at 63.6, suggesting caution in the near-term price action.