Ethereum is sitting around $2,350, and the market has started reacting quickly to fresh news around the upcoming Glamsterdam upgrade. The update is gaining a lot of attention, mainly because of what it could mean for fees and everyday usage on the Ethereum network.
The proposal behind Glamsterdam is fairly ambitious. It aims to push the gas limit from about 60 million today to nearly 200 million, which would more than triple Ethereum’s layer-1 capacity. A big part of this change comes through EIP-8037, which increases the cost of storing permanent data on-chain. In simple terms, it tries to prevent long-term network bloat while still making room for cheaper and more efficient transactions.
There’s also talk of a second phase after the initial rollout, which could further expand capacity and potentially push fees even lower—possibly close to near-zero for many basic transactions—without breaking the underlying structure of the network.
Can ETH break $2,400?
Right now, Ethereum is stuck in a tight range. It’s been moving between roughly $2,250 and $2,350, with support forming around $2,270 and resistance sitting just above at $2,400.
Technical signals are leaning slightly positive, but not strongly so. It’s more of a cautious “bias to the upside” rather than a clear breakout setup.
Short-term momentum does look a bit better—ETH is holding above its 10-day and 20-day moving averages, which usually supports price in the near term. However, it’s still trading below the longer-term 100-day and 200-day averages, which sit much higher, closer to the $2,800 region. That gap shows the broader trend hasn’t fully flipped yet.
If ETH manages to close above $2,400 with strong volume, it could open the door toward $2,500 and beyond. Historically, when Ethereum breaks similar levels with momentum, it tends to follow through with gains in the 10–15% range over the next couple of weeks.
That said, the market isn’t showing conviction just yet. It’s more balanced than directional.
Bigger picture
Even with positive upgrade news, Ethereum is still trading roughly 50% below its all-time high. So while improvements like Glamsterdam strengthen the network fundamentally, they don’t automatically translate into immediate price acceleration.
That gap between “strong fundamentals” and “instant price reaction” is exactly where the market is right now.
Because of that, some traders are starting to look beyond large-cap assets and toward earlier-stage infrastructure projects, where valuation hasn’t yet caught up to long-term narratives.
One example is LiquidChain, which is positioning itself as a Layer 3 system designed to connect liquidity across Bitcoin, Ethereum, and Solana. The idea is to reduce fragmentation by letting developers build once and interact across multiple ecosystems through a unified execution layer.
The project is still early, with a presale that’s raised over $700K so far and includes staking incentives. Like most early infrastructure plays, it’s higher risk—but that’s also where some traders see the potential for outsized returns.
Bottom line
Ethereum’s setup right now is fairly simple: the fundamentals are improving, sentiment is warming, but price still needs to prove it.
A clean break above $2,400 would be the first real signal that momentum is returning. Until then, it’s still a waiting game between narrative strength and actual market confirmation.
