Ethereum price at 2,299 USD as Glamsterdam test remains delayed
Published on 10/30/2026 at 07:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEthereum faces flow and upgrade uncertainty
- ETH was displayed at 2,299.14 USD on Investing.com when the page was read on October 30.
- The Ethereum Foundation postponed the Glamsterdam activation on the Hoodi testnet and has not set a replacement date.
- U.S. spot Ether ETFs recorded approximately 220.6 million USD in net outflows during the week beginning October 19.
- The Hoodi delay does not require action from Ethereum mainnet users or ETH holders.
Ethereum price was displayed at 2,299.14 USD on the Investing.com ETH/USD page when it was read on October 30. The same page showed a market capitalization of 282.70 billion USD, 24-hour volume of 11.27 billion USD and a circulating supply of 122.17 million ETH. These figures are a source reading rather than a UTC day-close comparison, so they do not establish a daily percentage move against the required previous UTC close.
The immediate market backdrop combines fund outflows with uncertainty around Ethereum's next major upgrade. The Ethereum Foundation postponed the planned Glamsterdam activation on the Hoodi testnet on October 22, four days before its scheduled October 26 launch. The decision was linked to further investigation of how EIP-8037 interacts with smart contracts on Ethereum mainnet.
The Ethereum Foundation's announcement says the postponement removes both the Amsterdam execution-layer and Gloas consensus-layer activations from Hoodi's schedule. It also removes the planned increase in the testnet gas limit to 200 million. No replacement Hoodi activation epoch or timestamp has been announced, and the notice does not set a mainnet activation date.
ETF selling remains a headwind
U.S. spot Ether ETFs recorded about 220.6 million USD in net outflows in the week beginning October 19, according to Admirals, citing fund-flow data reported by other market sources. The same report said outflows had declined from approximately 542.1 million USD during the week of October 5 to 9 and 320 million USD during the following week. The direction improved, but the latest weekly balance remained negative.
Admirals also reported that BitMine bought 10,452 ETH in the week through October 25 and held 6,051,933 ETH, equivalent to 4.95 percent of supply, according to the cited crypto.news data. That buying provides a counterweight to ETF redemptions, although the company has said it plans to stop accumulating at a 5 percent holding threshold.
What investors can monitor
The Ethereum price therefore remains exposed to two separate timing questions: whether ETF flows turn positive and when developers can publish a revised Hoodi schedule. The Foundation said the postponement concerns a future testnet configuration and that no action is required from Ethereum mainnet users or ETH holders. That limits the direct operational impact, but the absence of a new testnet date leaves the upgrade timetable open.
For market participants, fund-flow releases and official developer updates are more concrete checkpoints than forecasts. The source price reading should also be distinguished from a verified UTC daily close, particularly because Ether trades continuously and different venues can show different intraday levels.
More Ethereum coverage is available on the Ethereum topic page.
