Ethereum's price surged 4.22% to $2,451.86 driven by direct trading despite $60.22 million outflows from US Ether ETFs. The increase coincides with the upcoming Glamsterdam upgrade, a major Ethereum network hard fork scheduled for October 26 on the Hoodi testnet, which raises the block gas limit significantly. This upgrade aims to improve transaction capacity but also increases network load, with mainnet implementation date still undecided. Investors should note the 17-day exit queue for staked Ether and the potential impact of EIP-8061 on exit speeds. Fund outflows suggest the price rise is not backed by institutional ETF money, highlighting cautious market sentiment ahead of the upgrade.
As of Oct 16, 2026 16:31 WIB, Ethereum trades on Pluang at Rp43.932.893 with a 1-day gain of 3.45%. The market shows balanced activity with equal sell and buy orders, and investors typically hold their ETH for about 107 days. This steady trading environment contrasts with the article's note of $60.22 million ETF outflows, highlighting a divergence between retail and institutional behavior.
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