Ethereum Price Prediction 2026: Glamsterdam Upgrade Could Kickstart ETH’s Next Bull Market

Ethereum (ETH) has been consolidating near the $1,900 level for a few days now ahead of the implementation of a technical upgrade called Glamsterdan.

This year has been pretty bad for crypto assets, as we predicted in January. Macroeconomic conditions continue to be challenging as inflation has nearly doubled the Federal Reserve’s target rate in the U.S. while geopolitical tensions in the Middle East persist.

Thus far in 2026, ETH has shed 36% of its value. However, the token has bounced off a key support that we initially flagged as the most likely cycle bottom for the token in our baseline bearish scenario.

Ethereum (ETH) Hit Our 2026 Target Recently

The chart below shows the trajectory we predicted for ETH back on January 1, when we published our Ethereum price prediction for 2026. Eight months later, that target has already been hit, following a break below the token’s 100-week exponential moving average (EMA).

We hit a low of $1,500 during this cycle, and the latest price action shows that this demand zone has held up quite well, as the price bounced off it and rallied for four weeks in a row.

Here’s an update on how this 8-month chart is looking now:

Now that our bearish target has been fully realized, we believe the trend could shift ahead of the next technical upgrade for the Ethereum blockchain — Glamsterdam.

The Relative Strength Index (RSI) in this weekly chart could be acting as a canary in the coal mine, as the oscillator just made a double bottom at 30. Historically, bear markets have ended once the RSI has dropped to this low level.

This time, we saw the price dip to a lower low after the first time the RSI hit 30, which increases the odds that this bounce off the $1,500 support will be the one that puts an end to this bearish cycle.

As long as that demand zone continues to hold, we could expect the beginning of ETH’s next bull market.

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.

We see the $1,500 area as the most likely floor for this bearish cycle, and anticipate a potential rally toward the $5,000 level during the next bullish phase for ETH.

We could still revisit this support, as it happened in other instances, but a bearish breakout seems unlikely. If the Glamsterdam upgrade goes well, that could mark the beginning of the next leg up for ETH.

A break above the $2,000 psychological threshold could ignite a short squeeze that kickstarts this move, as it did in April 2025 and November 2023.