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Ethereum eyes $3,000 as $2,800 resistance holds ahead of Glamsterdam upgrade on testnet

Market News
03 Oct 2026
Coinpaper
View Source
Bullish
Ethereum eyes $3,000 as $2,800 resistance holds ahead of Glamsterdam upgrade on testnet

Ethereum (ETH) is trading around $2,682, up 10% in the past month but still 46% below its all-time high. The price is consolidating between strong support at $2,650 and resistance near $2,775-$2,800. The upcoming Glamsterdam upgrade, set to activate on the Sepolia testnet on October 6, is expected to bring major improvements in block construction, gas pricing, and Layer-1 scaling, potentially boosting ETH's price. However, institutional interest has cooled recently, with significant outflows from U.S. spot Ethereum ETFs. Despite this, reduced exchange reserves and ongoing staking suggest a constructive supply backdrop. The key levels to watch are $2,650 support, a breakout above $2,800, and a psychological target of $3,000, with $3,050 as the next resistance if $3,000 is surpassed.

While Ethereum aims to break above $2,800 toward a $3,000 target, on Pluang it trades at Rp47.904.568 as of Oct 03, 2026 21:21 WIB, down 2.00% in the last day. This contrasts with the recent 10% monthly gain mentioned in the article. Ethereum's market cap on Pluang stands at Rp5.855,6 trillion with a high 24-hour volume of Rp222,49 trillion, showing active trading despite a majority of sell orders at 63%.

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