Ethereum News Today: ETH Slips to $2,651 as Glamsterdam Testnet Deadline Nears

Last Updated: September 28, 2026

Ethereum traded near $2,651 on September 28, down 2.30% over 24 hours. Ethereum client teams have until September 29 to release software for the first public test of the Glamsterdam upgrade on the Sepolia testnet, set for October 6. Spot Ether ETFs have posted inflows for six straight sessions, yet ETH sits below the $2,775 high it reached on September 21.

Key Takeaways

ETH trades near $2,651, down 2.30% over 24 hours and 1.67% over seven days, according to CoinMarketCap. It turned back near $2,800 earlier this week while ETF demand stayed positive.

Client teams have until September 29 to ship Sepolia-ready software for Glamsterdam. The upgrade activates on Sepolia on October 6 at 13:53 UTC, a Hoodi test is tentatively set for October 27, and the mainnet target is the fourth quarter of 2026 with no date confirmed.

US spot Ether ETFs took in about $87 million on September 25, their sixth straight day of net inflows, after roughly $746 million across the five sessions through September 24.

Bitget resumes Ether withdrawals on September 29 in the second phase of its restart after the $387.5 million hack. Wallets linked to the attacker still hold more than 63,000 ETH that stablecoin issuers cannot freeze, according to MistTrack data.

The market-wide drop came as the 10-year Treasury yield topped 5%, its highest level since 2007. Long positions lost about $209 million in liquidations over 24 hours, roughly double the losses on shorts.

Ethereum (ETH) Market Overview

Metric	Value
ETH Price Today	$2,651.31
24h Change	-2.30%
7d Change	-1.67%
Market Cap	$323.69B
24h Volume	$12.13B
Circulating Supply	122.08M ETH
Max Supply	Unlimited

Data sourced from CoinMarketCap, morning of September 28 (UTC).

Ethereum News Today: Price Analysis

ETH’s 2.30% decline tracks Bitcoin’s 2.15% closely, which points to market-wide selling rather than an Ethereum-specific trigger. The token reached $2,775 on September 21, turned back near $2,800 and closed around $2,687 on September 24, according to CoinGecko data.

Glamsterdam is the next protocol milestone. It adds enshrined proposer-builder separation (ePBS) and is designed to raise the block gas limit from 60 million to 200 million, a jump that the Devnet-11 test network handled without losing finality. Earlier testing was rougher: Devnet-9, launched September 1 with 1,000 validator nodes, was not finalizing, and as of mid-September client implementations were not considered ready for mainnet.

Developers have also flagged a Sepolia-specific risk. Because test ETH is free, an attacker could create fake builders, win block auctions and withhold the promised transaction data. The risk is limited to testing and does not threaten funds on mainnet.

Support and Resistance Levels

Level Type	Price
Key Resistance	$2,775 to $2,800
Immediate Resistance	$2,700
Current Price	$2,651
Immediate Support	$2,557
Key Support	$2,438

$2,557 is the midpoint of ETH’s Bollinger Bands cited in technical readings last week, and $2,438 is the 0.618 Fibonacci retracement analysts flagged at the start of September. Levels are illustrative, not guaranteed.

Why Is Ethereum Down Today?

Ethereum is down today mainly because the whole market is. Bitcoin fell 2.15%, the 10-year Treasury yield rose above 5%, and President Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz. BeInCrypto reports that traders now price a 68% chance of another Federal Reserve rate hike in October.

The Bitget hack adds a second layer for ETH holders. The exchange lost about $387.5 million across seven networks on September 24, with the largest slice of the early losses taken from Ethereum-compatible chains. Attacker-linked wallets still hold more than 63,000 ETH, and Ether withdrawals on Bitget restart on September 29. For the full market picture, see crypto market today, and for today’s other headlines, check crypto news today.

What This Means for the Days Ahead

September 29 is a busy day for Ethereum: client teams face the Glamsterdam software deadline, and Bitget reopens Ether withdrawals. August PCE inflation data follows on September 30. The October 6 Sepolia activation is the next confirmed protocol date, and developers have described it as conditional on stable test results.

On the chart, ETH needs to hold $2,557 to keep the recent range intact. A reclaim of $2,700 would bring the $2,775 to $2,800 rejection zone back into view. The ETF streak is the other signal to track: flow data for September 28 will show whether buying continues through the decline.

See how other majors are trading today on Bitcoin News Today, XRP News Today, Zcash News Today, and Hedera (HBAR) News Today.

Compare Crypto Prices Today

Asset	Price Page
Bitcoin	Bitcoin Price
Ethereum	Ethereum Price
XRP	XRP Price
Solana	Solana Price
BNB	BNB Price
TRON	TRON Price

Where to Buy Ethereum

Ethereum can be purchased on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit. US investors can also get exposure through spot Ether ETFs in a brokerage account.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.

Frequently Asked Questions

What is the price of Ethereum today?

Ethereum trades near $2,651 on September 28, 2026, down 2.30% over 24 hours and 1.67% over seven days, according to CoinMarketCap. Market capitalization is about $323.69 billion on roughly $12.13 billion in daily volume. ETH reached $2,775 on September 21 and has retreated since, moving in step with Bitcoin, which fell 2.15% in the same period.

What is the Glamsterdam upgrade and when will it be tested?

Glamsterdam is a planned Ethereum upgrade that adds enshrined proposer-builder separation and is designed to raise the block gas limit from 60 million to 200 million. Client teams must ship Sepolia-ready software by September 29, and the testnet activation is set for October 6 at 13:53 UTC. Developers target mainnet in the fourth quarter of 2026 but have not set a date.

Are Ethereum ETFs still seeing inflows?

Yes. US spot Ether ETFs took in about $87 million on September 25, their sixth straight day of net inflows, after roughly $746 million across the five sessions through September 24. Daily inflows have slowed from the $270 million recorded on September 21. Flow data for September 28 will show whether the streak survives today’s decline.

How does the Bitget hack affect Ethereum?

Bitget lost about $387.5 million in the September 24 hack, including assets on Ethereum-compatible networks, and resumes Ether withdrawals on September 29. MistTrack data shows attacker-linked wallets still hold more than 63,000 ETH that stablecoin issuers cannot freeze. Bitget says its protection fund covers the loss and customer balances are unaffected.