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Ethereum price hovers near $2,235 amid testnet delays and ETF outflows.

Market News
08 Nov 2026, 13:35 WIB
Blockonomi
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Bearish
Ethereum price hovers near $2,235 amid testnet delays and ETF outflows.

Ethereum's price stayed around $2,235 as developers delayed the Hoodi testnet upgrade to address gas-accounting risks from EIP-8037 and EIP-8038 proposals. These changes affect gas costs for state creation and access, potentially impacting contracts with fixed gas limits or remaining-gas checks. Meanwhile, US spot Ethereum ETFs saw continued outflows totaling about $365 million over the week, reflecting softer fund demand. The Ethereum Foundation is working with auditors to ensure contract compatibility before rescheduling the Hoodi fork, aiming to protect applications before mainnet deployment. Technical support is noted between $2,200 and $2,250, with potential upside if this holds, but a break below could push prices toward $2,000.

Ethereum price developments provide context for cryptocurrency market activity on Pluang. Of 50 major cryptocurrencies priced today, 9 rose and 40 fell. Notable movers include BAL (Balancer) at Rp16,297 with an 11.14% increase, EOS (EOS.IO) at Rp12,649 up 8.13%, and EGLD (MultiversX) at Rp54,163 down 5.41% with 100% buy order activity. This data is as of Nov 08, 2026 18:21 WIB.

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