Ethereum Price Hovers Near $2,700 as Glamsterdam Upgrade Looms

Ethereum's price is currently hovering around $2,682, having risen roughly 10% over the past month. However, it remains about 46% below its all-time high of $4,953.

The immediate price range is becoming increasingly clear, with buyers repeatedly defending around $2,650, while the $2,775-$2,800 area continues to attract sellers.

The upcoming Glamsterdam upgrade is scheduled to activate on the Sepolia testnet on October 6, introducing major changes to block construction, gas pricing, and Layer-1 scaling.

ETF flows have suddenly turned against Ethereum, with U.S. spot Ethereum ETFs posting $59.6 million of outflows on September 30, followed by another $55.4 million on October 1 and $17.3 million on October 2.