On Oct. 4, Ethereum changed hands at USD 2,702.06, marking a 0.74% increase over a 24-hour window, while Bitcoin advanced by 0.75%. ETH continued to trade beneath resistance around USD 2,800 as market participants monitored exchange-traded fund flows and readied themselves for the network’s Glamsterdam testnet upgrade slated for Oct. 6.
Ethereum price approaches USD 2,800 resistance
Ethereum’s daily uptick mirrored the movement of Bitcoin. These comparable gains suggest a wider market-wide upward trend, though the price shifts by themselves do not definitively explain the buying pressure. Available market data revealed no distinct, Ethereum-centric catalyst behind the move.
ETH kicked off October following gains of roughly 32.6% in August and 8.8% in September. Over the course of September, the token ascended from a mid-month level of approximately USD 2,398 to USD 2,775 before drifting back down toward USD 2,700.
Analyst Ted Pillows noted that Ethereum requires a weekly close above USD 2,800 to solidify bullish momentum. His perspective relies on ETH securing a definitive reclaim of that resistance level rather than merely experiencing intraday spikes above it.
Technical projections for October peg immediate support between USD 2,560 and USD 2,565. A decisive and sustained push past USD 2,800 would direct attention toward USD 3,000 as a subsequent upside target. Conversely, a failure to hold support would turn focus back to the previous USD 2,400–USD 2,500 trading band.
Monthly indicators present a mixed technical picture. TradingView charts place the relative strength index at 51.53, positioning it above its 48.46 average. At the same time, the MACD line stays beneath its signal line, meaning the monthly timeframe lacks a confirmed bullish crossover.
Ethereum ETFs outpace Bitcoin ETFs in 2026 inflows
Data from SoSoValue highlighted in an ETF report indicates that U.S. spot Ethereum funds pulled in roughly USD 1.5 billion in net inflows throughout 2026. By comparison, Bitcoin ETFs brought in about USD 985 million over the identical timeframe.
Even so, Bitcoin funds maintained roughly USD 109 billion in total assets under management, dwarfing the USD 18 billion held by Ethereum funds. While annual net inflows track fresh capital entering the products net of redemptions, total asset figures also account for legacy holdings and fluctuations in underlying crypto valuations.
More recent metrics for Ethereum ETFs point to a period of net withdrawals. Farside Investors documented approximately USD 118 million in net outflows between Sept. 28 and Oct. 2, which followed roughly USD 689.8 million in net inflows during the week prior.
Specifically, the funds shed USD 59.6 million on Sept. 30, USD 55.4 million on Oct. 1, and USD 17.3 million on Oct. 2. The earlier weekly inflows partially cushioned the impact of these three consecutive negative sessions.
In corporate treasury news, Bitmine Immersion Technologies disclosed holdings of 6,001,302 ETH as of Sept. 27, translating to roughly 4.9% of the entire circulating Ethereum supply. The firm added 17,362 ETH to its balance sheet over the preceding week, extending its accumulation strategy.
Glamsterdam testnet upgrade scheduled for Oct. 6
The Ethereum Foundation has set Glamsterdam’s activation on the Sepolia testnet for Oct. 6 at 13:53:36 UTC. Developers will use this trial run to evaluate adjustments to block production, transaction processing, and network fees ahead of a future mainnet rollout.
The upgrade integrates modifications across both Ethereum’s execution and consensus layers. Among the planned features are extended validation windows for block proposers and concurrent processing capabilities within the network software for specific transaction validation tasks.
The Foundation stated, “Hoodi and mainnet activation dates have not yet been decided.” Sepolia node operators must upgrade both their execution and consensus clients ahead of the activation time. Furthermore, developers are advised to test their applications post-upgrade to account for any alterations to fee structures and software interfaces.
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