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Ethereum dips below $2,600 amid Glamsterdam upgrade and $400M liquidations in 20 minutes

Market News
07 Oct 2026
Blockonomi
View Source
Bearish
Ethereum dips below $2,600 amid Glamsterdam upgrade and $400M liquidations in 20 minutes

Ethereum's price fell below $2,600 following the deployment of the Glamsterdam upgrade on the Sepolia testnet, marking a key step before mainnet implementation. This upgrade increases the gas limit, allowing more transactions per block. The price drop triggered $400 million in long position liquidations within 20 minutes, reflecting heightened market volatility. Despite outflows totaling $207 million from spot Ethereum ETFs over six sessions, technical indicators suggest potential support around $2,400 and a possible rally to $3,400 if demand returns.

Ethereum trades at Rp46.744.924 on Pluang as of Oct 07, 2026 15:02 WIB, down 3.43% in the past day. The platform shows a strong sell sentiment with 75% of order activity leaning towards selling. This aligns with the article's note of recent price pressure and liquidations following the Glamsterdam upgrade on the Sepolia testnet.

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