What’s missing now for that to happen is a strong catalyst that creates demand for both the spot and futures market. The successful deployment of Glamsterdam could do that for ETH, same as Pectra did last year to push the token out of its bearish cycle in April 2025.
What’s Glamsterdam and How It Will Help the Ethereum Blockchain?
To sum up, the Glamsterdam upgrade aims to revamp and strengthen Ethereum’s infrastructure and inner processes to reduce centralization and make transaction processing smoother during periods of high network usage.
By improving the layer-1’s functioning, developers aim to reduce transaction costs as well and make the network more scalable in the near term.
This should have a positive impact on institutional adoption and further strengthen the blockchain’s credibility via its commitment to keep improving.
The Ethereum Foundation expects to implement Glamsterdan at some point in the fourth quarter of this year.
Weekly Buy Signal Could Push ETH To $5,400 During the Next Bull Market
Looking at the weekly price action, we have been tracking this RSI-related buy signal on the weekly chart for weeks, as it has delivered impressive results in the past.
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