Ethereum Price Prediction: Will October 26 Glamsterdam Upgrade on Hoodi Spark a $3K Rally?

Ethereum Price hovered at $2,448.46 on Wednesday, rising 2.76% over 24 hours as the broader cryptocurrency market gained ground.  

The overall crypto market capitalization rose by 2.49%, reaching $2.79 trillion during the same time, and major tokens gained.

Bitcoin was trading at $82,930, with a near-term bias being bullish, having recorded a slight recovery in the last session. XRP price mostly remained at 1.333 following a gain of over 2% the previous day.

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Ethereum Schedules Glamsterdam Upgrade on Hoodi for October 26

Ethereum developers have scheduled Glamsterdam’s Hoodi testnet activation for October 26, 2026, with a higher gas limit. The Ethereum Foundation announced on October 16 that activation will be at 17:42:48 UTC, after the rollout of Sepolia on October 6.

Ethereum Sets October 26 for Glamsterdam Upgrade on Hoodi Testnet, Raising Gas Limit to 200 Million

The Ethereum Foundation announced that the Glamsterdam upgrade will activate on the Hoodi testnet on October 26 at 17:42 UTC, raising its block gas limit to 200 million, matching Sepolia. The upgrade introduces enshrined proposer-builder separation (ePBS) and block-level access lists (BALs) to enable parallel transaction validation and improve Ethereum Layer 1 throughput, alongside revised gas pricing for state creation and data access.

— Wu Blockchain (@WuBlockchain) October 20, 2026

The block gas limit of Hoodi will be 200 million, equal to Sepolia, and increase the testing transaction processing capacity.

Glamsterdam proposes proposer-builder separation and block-level access lists, which are enshrined to enhance block production and allow parallel validations of transactions. The upgrade also changes the prices of gas to create blockchain state and to access stored data.

Execution and consensus clients require updating before they can be activated. These changes will be tested by developers on test networks before they can proceed, and the date to activate the Ethereum mainnet has not been decided yet.

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Will Ethereum Price Hit $3K This Month?

ETH price rallied from its recent lows, with the $2,500 resistance level on the horizon.  The $2,500 level marks the first major test because earlier trading repeatedly clustered around that area. 

A four-hour close above this barrier could open a move toward $2,600, the next clearly marked resistance. And if the bullish trend continues, the ETH long-term prediction could rally to $3k.

The MACD line was at 4.51 and above the signal line of negative 3.41, and the histogram 7.92.  The RSI, however, stayed above the 50 average and above the 50 level as it stood at 59.  The area nearest to the marked support, $2,400, is the next closest marked support.

 A prolonged decline below it may see the recent levels in the range of $2,320–$ 2,350 tested again. If more weakness occurs, $2,300 will be considered, but the chart does not confirm a support level there.

Ethereum Staking Hits Record 43.8 Million ETH

According to the Bitwise report, dated October 20, Ethereum also had a record 43.8 million ETH staked at the end of September. 

Net inflows of 1.99 million ETH in Q3 led to Staked Ether accounting for 35.9% of the total supply. The rise represented the sixth quarter of Ethereum’s stake growth in the last six quarters. Meanwhile, the annualised staking yields fell slightly to 2.63%, from 2.81% in the previous quarter.