Ethereum in 10‑month bear market, buyers still hesitant
ETHEREUM

Ethereum in 10‑month bear market, buyers still hesitant

1 min read

Ethereum (ETH) is slated for the “Glamsterdam” upgrade in the third quarter of 2026, according to AMBCrypto, targeting faster transaction processing, parallel handling of multiple transfers, and revised fee structures to boost network capacity.

Upgrade Overview

The Glamsterdam rollout aims to enhance speed, throughput, and efficiency on one of crypto’s largest Layer‑1 blockchains. By allowing simultaneous transaction execution and adjusting fee rules, the network expects to accommodate higher demand without immediate price spikes.

On‑Chain Flow Dynamics

CryptoOnChain highlighted a surge in stablecoin deposits on Binance while ETH reserves on exchanges continued to shrink, indicating a net outflow of the coin. Glassnode data confirms that the 7‑day net transfer volume turned negative, mirroring the decline in on‑exchange ETH holdings.

Market Sentiment and Volatility

The Coinbase Premium has been trending downward, suggesting that U.S. investors remain reluctant to wager on an ETH price rebound. Coupled with traders watching sub‑$1,300 targets should Bitcoin dip beneath $60,000, the combined metrics set the stage for sharp volatility in either direction.