Ethereum price prediction: Glamsterdam upgrade delayed, what matters now

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: the developers have halted the Glamsterdam activation on the Hoodi testnet, and there is no new date. A different number matters more for the price: the base fee stands at 0.058 Gwei, and supply is growing again as a result.Add as a preferred source on GoogleFollow on Google NewsAnalysis: Ethereum's next major upgrade is called Glamsterdam, and it was due to go live on the Hoodi testnet on October 26. That did not happen. What is documented: the developers halted the activation, there is no new date, and no schedule exists for the mainnet either. Our assessment follows further below. For the price, this weekend's delay is the smaller story, because the blockchain has a demand problem that can be read off the gas fee. Ether traded at around $2,256 on Saturday evening, about 1.4 percent higher than 24 hours earlier. The daily low was $2,221 and the daily high $2,256. The price remains a good 54 percent below its record of $4,946. For where the price can head over a horiz...