Ethereum Price Stuck at $2,680 Ahead of Glamsterdam Upgrade

Ethereum's price has been fluctuating around $2,680, with the cryptocurrency up about 10% over the past month. However, it still remains 46% below its all-time high of $4,953.

The $2,800 level continues to be a significant resistance point, with buyers defending the $2,650 level and sellers dominating the $2,775-$2,800 area.

The upcoming Glamsterdam upgrade is expected to introduce major changes to block construction, gas pricing, and Layer-1 scaling. The Ethereum Foundation has not yet finalized a mainnet release date.

The ETF flows have turned negative, with U.S. spot Ethereum ETFs experiencing outflows of $59.6 million, $55.4 million, and $17.3 million on September 30, October 1, and October 2, respectively.