Ethereum Price Prediction Ahead of October 15 ETH Upgrade Talks – Can ETH Reclaim $2,700?

29 mins ago Updated 27 mins ago

By Muthoni Mary

Market Analyst

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Ethereum price drops 10% during the crash as price approaches the $3,150 accumulation base for potential dip interest.

Highlights

Ethereum price remains below crucial resistance at $2,700 amid a pullback across the crypto market.
The drop comes ahead of a consensus call for ETH developers on October 15 to discuss the upcoming Glamsterdam and Hegota upgrades.
Ethereum's exchange reserves have risen to a one-month high signalling a potential rise in selling pressure.
ETH ETFs have also seen ten consecutive days of outflows.

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Ethereum (ETH) price briefly dropped below $2,500 on October 13 amid a surge of ETH inflows to exchanges. ETH ETFs have also recorded ten straight days of outflows as institutional demand weakens.

Ethereum’s price weakness comes ahead of talks by Ethereum developers to discuss various upgrades on the network.

ETH Developers to Hold Consensus Call This Week

On October 15, an All Core Devs Consensus Call will take place where ETH developers will go over the upcoming upgrades on the network: Glamsterdam and Hegotá.

The Glamsterdam upgrade, which seeks to improve the speed and efficiency of the Ethereum blockchain, is expected to roll out in Q4 2026.

As CoinGape reported, Ethereum began the public testnet activation on the Sepolia testnet on October 6. The Hoodi testnet will also go live later this month ahead of the mainnet launch.

The Hegotá upgrade is also set to launch in Q2 2027. Ethereum co-founder Vitalik Buterin earlier noted that Hegotá will be the last normal fork on the network before the focus shifts towards quantum resistance.

Ethereum Exchange Reserves Surge as ETF Outflows Soar

The amount of Ethereum available on exchanges has risen to the highest level since September 8, per CoinGlass data.

These reserves stood at 11.90 million ETH at the time of writing, with this being a notable jump from 11.54 million ETH on September 29. Per this data, Ethereum exchange reserves have increased by 360,000 ETH in just two weeks.

Ethereum Exchange Reserve Soar — Source: CoinGlass

This rise suggests that investors are depositing Ethereum into exchanges, signalling a potential rise in selling pressure in the near term that could weaken a price gain towards $2,700.

Data from SoSoValue also shows that ETH ETFs have recorded ten straight days of inflows. In fact, the ETFs have not seen a single day of inflows in October 2026, with the month-to-date outflows now coming in at $720.19 million.

Ethereum Price Prediction as Bears Defend $2,700 Resistance

Ethereum left behind a fair value gap (FVG) on the weekly chart in mid-August after the price jumped from $1,800 to $2,5000 within one week.

Bears are currently testing the support at the top of this gap. If it does not hold, Ethereum price could drop to the midline at $2,148.

Ethereum price also sits at the 200-day EMA, with a close below this EMA also set to cause a bearish long-term Ethereum price forecast.

However, if ETH does not fall back to this FVG gap, the price needs to close above the 200-day EMA to confirm a trend reversal. Closing above this EMA could see bulls reclaim the resistance at $2,700.

Ethereum Price Defends Support at the 200-day EMA — Source: TradingView

The RSI reading at 57 suggests that the momentum is still favoring bulls, and this suggests that a gain towards $2,700 remains likely.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. When will the Ethereum Glamsterdam upgrade take place?

Ethereum will roll out the Glamsterdam upgrade in Q4 2026, which seeks to boost the network's speed and efficiency.

2. Can Ethereum price reclaim $2,700 this month?

Ethereum price could reclaim $2,700 if it holds the support at the 200-day EMA. Losing this support could push ETH price to the midline of an FVG gap at around $2,100.

3. Are institutions buying or selling ETH?

Data from SoSoValue shows that Ethereum ETFs have seen 10 consecutive days of outflows suggesting that institutional investors are selling.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.