Altcoins News

Story: Ethereum Struggles Below $2,500 as Glamsterdam Testnet Achieves Major Gas Milestone

By James Thorp

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Price Stuck in a Tight Band. ETH is basically going sideways right now. The price has been grinding between $2,446 and $2,488,…

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Why Glamsterdam Matters — and Why It Might Not Move the Needle Much. Here's the honest reality: Ethereum is enormous. When you're the second-largest blockchain by…

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LiquidChain and the Alternative Play. Not everyone is waiting on Ethereum. Some traders are shifting attention toward newer…

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Ethereum can't quite crack $2,500. The network's next major upgrade is getting closer, though, and a key test milestone this week gave the market something real to chew on.

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Nethermind's client processed 570.7 billion gas in just over three minutes during a recent test run — a rate of 2.9 billion gas per second. That's not a small number.

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The next checkpoint is October 6, when the Glamsterdam upgrade is proposed for deployment on the Sepolia public testnet.

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ETH is basically going sideways right now. The price has been grinding between $2,446 and $2,488, and it can't seem to punch through the $2,493–$2,508 resistance zone sitting…

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If buyers do manage to break above that resistance, analysts are watching $2,550 as the next level, with a broader target zone between $2,723 and $2,822.

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Cautious optimism is probably the best way to describe the mood. Traders want more news on the mainnet deployment date before they move.

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Here's the honest reality: Ethereum is enormous. When you're the second-largest blockchain by market cap, even a genuinely good upgrade doesn't automatically translate into big…

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Read also: CleanSpark Risks Sandersville Campus with $2.23 Billion Debt Plan

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The gas limit increase is the headline feature. Going from 60 million to 200 million on the testnet is a serious jump.

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Block-level access lists are a bit more technical but worth noting. Nodes being able to pre-fetch data before processing blocks can speed things up and reduce the chance of…

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And that's kind of the challenge with infrastructure upgrades. The benefits often show up gradually, spread across thousands of transactions, rather than in a single dramatic…

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Not everyone is waiting on Ethereum. Some traders are shifting attention toward newer infrastructure projects, and LiquidChain keeps coming up in those conversations.

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