Ethereum briefly dropped below $2,500 on October 13 as exchange inflows rose and ETH ETFs logged ten straight days of outflows. Developers meet October 15 to discuss the Glamsterdam and Hegotá upgrades.
Ethereum briefly dropped below $2,500 on October 13 as ETH flowed onto exchanges. Meanwhile, ETH ETFs have recorded ten straight days of outflows.
Developers meet October 15 on Glamsterdam and Hegotá
On October 15, Ethereum developers will hold an All Core Devs Consensus Call to go over the Glamsterdam and Hegotá upgrades. Glamsterdam, which seeks to improve the speed and efficiency of the blockchain, is expected to roll out in Q4 2026.
Public testnet activation began on the Sepolia testnet on October 6, and the Hoodi testnet will go live later this month ahead of the mainnet launch. Hegotá, in turn, is set to launch in Q2 2027.
Exchange reserves climb as ETF outflows continue
Ethereum on exchanges has risen to the highest level since September 8, per CoinGlass data. Reserves stood at 11.90 million ETH at the time of writing, up from 11.54 million ETH on September 29, an increase of 360,000 ETH in two weeks.
This suggests investors are depositing Ethereum onto exchanges, which signals a potential rise in selling pressure in the near term. In addition, SoSoValue data shows ETH ETFs have not seen a single day of inflows in October 2026, with month-to-date outflows at $720.19 million.
ETH tests support near the 200-day EMA
Ethereum left a fair value gap on the weekly chart in mid-August, and bears are testing support at the top of that gap. If it does not hold, the price could drop to the midline at $2,148.
The price also sits at the 200-day EMA. A close above it could let bulls reclaim resistance at $2,700. The RSI reading of 57 suggests momentum still favors bulls.
Source: CoinGape
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