Ethereum price in focus as ETF outflows meet Glamsterdam delay

Ethereum price momentum improved into November 5, but the broader investment picture remains mixed. The checked Investing.com page showed Ether at 2,424.43 USD. It listed a market capitalization of 295.44 billion USD, 24-hour volume of 17.06 billion USD and circulating supply of 122.19 million ETH. The page also showed a 52-week range of 1,507.60 to 3,657.37 USD.

ETF demand remains a headwind

Institutional flows have not yet confirmed the rebound. An Admirals analysis reported about 220.6 million USD of net outflows from US spot Ether funds during the week beginning October 19. It also cited 542.1 million USD of outflows in the week of October 5 to 9 and 320 million USD in the following week. The weekly withdrawals declined, but remained a material source of potential selling pressure.

Admirals also reported that BlackRock's iShares Ethereum Trust, known by the ticker ETHA, accounted for about 1.01 billion USD of the three-week outflow, or roughly 93 percent of the total cited in that analysis. These figures describe fund flows rather than a direct forecast for the token. They indicate that regulated-market demand was still weak through late October.

Upgrade timing is still uncertain

Ethereum developers postponed the planned Glamsterdam activation on the Hoodi testnet. The upgrade had been scheduled for October 26, 2026, but no replacement activation date had been set in the checked analysis. The delay allows further investigation of how EIP-8037 and related gas changes interact with smart contracts already deployed on Ethereum's mainnet.

The postponement affects a testnet, not the live Ethereum mainnet. The cited analysis said that mainnet users and ETH holders did not need to take action. For investors, however, the delay removes a near-term network milestone and leaves the timing of any subsequent mainnet rollout unclear.

What investors should watch

Ethereum price performance now has to be assessed against two opposing signals: a rebound in the quoted market price and continued uncertainty around institutional flows and protocol development. The 2,424.43 USD reading was a point-in-time quote from the checked market page, not a verified UTC daily close. Crypto markets trade continuously, so the displayed change should not be treated as a conventional exchange-session return without a matching UTC comparison basis.

Near-term attention is likely to remain on daily Ether ETF flow data and developer communications about Hoodi and Glamsterdam. A confirmed testnet date could improve visibility, while renewed redemptions or further technical delays would keep pressure on sentiment. Follow the latest coverage on Ethereum, XCCRYPTOETH3.