Key Takeaways
- • Ethereum fell to roughly $2,450 by October 21, 2026, down from about $2,695 in early October, as U.S. spot Ether funds recorded withdrawals totaling over $129 million across two days.
- • The Glamsterdam upgrade enters testnet activation on October 26 on the Hoodi network, but no mainnet launch date has been set.
- • Analysts cited in the article see a path toward $2,800 by November if demand returns and the upgrade proceeds smoothly, while failure to hold $2,500 or continued outflows could push prices toward $2,200.
- • The Federal Reserve's October 28 meeting and subsequent fund flows are flagged as the next catalysts for direction.
Summary
Ethereum's price slipped to around $2,450 on October 21, 2026, according to Pluang's market coverage, down from roughly $2,695 in early October. The decline coincided with significant redemptions from U.S. spot Ether funds, which totaled more than $129 million over two days, pointing to weakening institutional demand in the near term.
A central event in the coming weeks is the Glamsterdam upgrade, which begins testnet activation on October 26 on the Hoodi network. No mainnet launch date has been set, leaving timing uncertain for investors positioning around the upgrade. The article frames a successful testnet rollout as a potential catalyst for renewed buying.
The article outlines two scenarios. If buyers return and the upgrade proceeds smoothly, Ethereum could rebound toward $2,800 by November. Conversely, a failure to hold the $2,500 level or continued fund outflows could push the asset down to $2,200. Market participants will also watch the Federal Reserve's October 28 meeting and subsequent fund flows for further direction.
Pluang's broader market snapshot as of 17:32 WIB on October 21, 2026, showed 44 of 50 major cryptocurrencies rising and 5 falling. Among notable movers, MANA (Decentraland) rose 6.60% to Rp1,583, CRV (Curve DAO Token) gained 6.45% to Rp6,947, and COTI climbed 5.24% to Rp206. Pluang order data showed sell-side dominance in those tokens, at 87% for MANA, 96% for CRV, and 67% for COTI.
A central event in the coming weeks is the Glamsterdam upgrade, which begins testnet activation on October 26 on the Hoodi network. No mainnet launch date has been set, leaving timing uncertain for investors positioning around the upgrade. The article frames a successful testnet rollout as a potential catalyst for renewed buying.
The article outlines two scenarios. If buyers return and the upgrade proceeds smoothly, Ethereum could rebound toward $2,800 by November. Conversely, a failure to hold the $2,500 level or continued fund outflows could push the asset down to $2,200. Market participants will also watch the Federal Reserve's October 28 meeting and subsequent fund flows for further direction.
Pluang's broader market snapshot as of 17:32 WIB on October 21, 2026, showed 44 of 50 major cryptocurrencies rising and 5 falling. Among notable movers, MANA (Decentraland) rose 6.60% to Rp1,583, CRV (Curve DAO Token) gained 6.45% to Rp6,947, and COTI climbed 5.24% to Rp206. Pluang order data showed sell-side dominance in those tokens, at 87% for MANA, 96% for CRV, and 67% for COTI.
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