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Ethereum’s biggest protocol overhaul since The Merge is weeks away. The Glamsterdam hard fork is set to land by late August, and depending on how it goes, it could either lock in Ethereum’s recovery or snap it back hard.
The fork brings three major changes. EIP-7928 introduces parallel execution, which would push Ethereum’s throughput to 10,000 transactions per second. That’s not a marginal improvement — it’s a structural shift in what the network can handle. Alongside that, EIP-7904 attacks the gas pricing problem directly, targeting a reduction in Layer-1 fees of roughly 78.6%. Cheaper and faster. That’s the pitch. And if it lands, the range of applications that can run profitably on Ethereum’s mainnet gets a lot wider. Right now, high fees have pushed developers and users toward Layer-2 solutions or rival chains. A 78.6% fee cut changes the math on staying mainnet.
Then there’s EIP-7732, which brings in Enshrined Proposer-Builder Separation. It’s a mouthful, but the point is pretty clear: cut MEV extraction by up to 70%. MEV — miner extractable value — has been a persistent drain, pulling value away from mainnet validators and toward external searchers who game transaction ordering. Reducing it by that margin would be a meaningful win for validators and probably for the network’s reputation among developers who’ve watched the MEV problem fester for years.
Price Sitting at $2,400, RSI Flashing Caution
Ethereum hit approximately $2,400 recently, up 3.13%. That sounds good. But the chart tells a messier story.
After peaking near $4,950 last August, Ethereum fell hard. October and November brought it down to around $2,800. February was worse — prices dropped to roughly $1,780. Spring brought a partial recovery, pushing back to $2,450 by May. Then June hit and Ethereum slid again, touching lows around $1,480. That’s a year-low. The kind of number that sticks in traders’ heads.
Since then, Ethereum has slowly clawed back. It built a base above $1,850 and has pushed toward $2,400 in recent sessions. Support sits at $2,300, $2,100, and $1,850. Resistance is at $2,450, then $2,800, then $3,000. Breaking $2,450 with conviction would be meaningful. It hasn’t done that yet.
The RSI is at 86.13. That’s overbought. Not slightly — pretty firmly overbought. Strong momentum, sure, but the kind of reading that usually means the market needs to breathe before it can push higher. Consolidation seems likely before any serious run at resistance.
The risk is clear too. If the Glamsterdam fork gets delayed — pushed past Q4 2026 — sentiment could flip fast. Analysts warn that a breakdown from here could send Ethereum below $2,100, with a bear target at $1,850. That’s not catastrophic given where it came from, but it’d sting after the recent buildup.
Google Gemini AI’s $4,150 Mid-Case Target
Google Gemini AI put numbers to the optimistic scenario. If the fork delivers, the forecast runs from $3,800 to $4,500 by late 2026, with a mid-case projection of $4,150. That’s roughly a 70% move from current levels. Ambitious, but not wild if the protocol changes actually land and drive real adoption on mainnet.
The logic is straightforward: faster transactions plus dramatically lower fees plus reduced MEV drag equals a more competitive network. More competitive network equals more developer interest. More developer interest equals more activity. More activity, in theory, means price follows. The chain of reasoning works — it just depends on execution.
Technical delays are the obvious threat. Ethereum has a history of hard forks that took longer than expected. If Glamsterdam slips, the $4,150 target becomes a lot harder to justify. Markets tend to price in the good news early, and if the fork doesn’t materialize on schedule, the air comes out fast.
Bitcoin Hyper’s $33M Presale and the Solana VM Angle
Separate from Ethereum entirely, Bitcoin Hyper has raised over $33 million in its presale. The project is building an execution environment around Bitcoin using the Solana Virtual Machine. The idea is to bring high-speed transactions and smart contract functionality to Bitcoin’s ecosystem — things Bitcoin can’t do natively — while keeping Bitcoin’s underlying capital and security intact.
It’s a different bet. Ethereum is upgrading from within. Bitcoin Hyper is building a layer around Bitcoin from the outside. The Solana Virtual Machine gives it speed and programmability. The presale is offering yields up to 36% APY, and the project is targeting a 2026 launch. Whether that timeline holds is unclear — no further details were provided on the exact date.
$33 million raised before launch is a real number. It’s not proof the project works, but it means there’s serious capital betting it will.
Ethereum’s RSI sits at 86.13, support holds at $2,300, and the Glamsterdam fork is the next major catalyst either way.
Hub: Ethereum price, news, and analysis
Frequently Asked Questions
What does the Glamsterdam hard fork actually change for Ethereum?
It introduces parallel execution via EIP-7928 targeting 10,000 TPS, cuts Layer-1 gas fees by roughly 78.6% through EIP-7904, and reduces MEV extraction by up to 70% with EIP-7732’s Enshrined Proposer-Builder Separation.
What is Bitcoin Hyper and how much has it raised?
Bitcoin Hyper is building an execution environment around Bitcoin using the Solana Virtual Machine, offering smart contract functionality and high-speed transactions. Its presale has raised over $33 million, with yields up to 36% APY and a planned 2026 launch.
Why It Matters
The Glamsterdam fork represents a pivotal moment for Ethereum, as its successful implementation could significantly enhance the network's scalability and efficiency, potentially attracting more users and developers to the ecosystem. This upgrade comes at a time when Ethereum is competing with other blockchain platforms that offer faster transaction speeds, making it crucial for Ethereum to maintain its market position. Additionally, the financial backing raised by Bitcoin Hyper indicates a growing interest and investment in the broader cryptocurrency space, which could influence market dynamics and investor sentiment towards Ethereum amidst these changes.
