Ethereum price in focus as Glamsterdam Hoodi upgrade is postponed
Published on 11/01/2026 at 07:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEthereum faces delayed upgrade and softer flows
- Ethereum developers postponed the Glamsterdam testnet activation on Hoodi after further review of EIP-8037 and its interaction with deployed smart contracts.
- U.S. spot Ether ETFs recorded net outflows of 110.50 million USD on October 22, according to SoSoValue data reported by TokenPost.
- Investing.com displayed ETH at 2,254.40 USD when the page was retrieved on November 1, with no new Hoodi activation date announced.
The Ethereum price is being shaped by two competing signals: a delayed network upgrade and weaker recent demand from U.S. spot Ether ETFs. The Ethereum Foundation postponed the planned Glamsterdam activation on the Hoodi testnet on October 22, while ETF products recorded 110.50 million USD in net outflows on the same day.
Hoodi upgrade put on hold
According to the Ethereum Foundation, the Glamsterdam upgrade had been scheduled for Hoodi on October 26 at 17:42:48 UTC. Core developers postponed the activation to investigate how EIP-8037 interacts with smart contracts on mainnet. The decision also removed the planned Amsterdam execution-layer and Gloas consensus-layer activations, as well as a proposed increase in Hoodi's gas limit to 200 million.
The Foundation has not set a replacement activation date. It also stressed that the announcement concerns the Hoodi testnet, does not establish a mainnet activation date and requires no action from mainnet users or ETH holders. For investors, the immediate implication is therefore a delay to a potential technical catalyst rather than a change to Ethereum mainnet itself.
ETF flows remain a headwind
ETF demand has provided a less supportive backdrop. TokenPost, citing SoSoValue, reported 110.50 million USD of net outflows from U.S. spot Ethereum ETFs on October 22. Fidelity's FETH attracted 2.37 million USD, but BlackRock's ETHA lost 75.45 million USD. Cumulative net inflows stood at 12.71 billion USD, while total net assets were 14.57 billion USD.
That daily reversal followed a 14.96 million USD inflow on October 21. The figures do not establish a causal link between ETF flows and the token's price, but they show that institutional demand was uneven during a period in which the upgrade timetable also became less certain.
Price context for ETH holders
The Investing.com Ethereum page displayed 2,254.40 USD when retrieved on November 1, with a displayed 24-hour volume of 4.61 billion USD and market capitalization of 274.91 billion USD. The page also showed a 52-week range of 1,507.60 to 3,916.08 USD. Because the page did not provide a verifiable UTC day-close comparison for November 1, no UTC daily percentage change is assigned here.
For investors, the near-term setup combines a postponed development milestone with mixed ETF positioning. The next material signal is likely to be a confirmed Hoodi schedule or further guidance on the smart-contract review. Until then, ETH remains exposed to both network-development expectations and changes in crypto investment-product flows. More coverage is available on the Ethereum topic page.
