Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Ethereum Price Prediction 2026: Glamsterdam Upgrade Could Kickstart ETH’s Next Bull Market | FXEmpire
Advertisement
Advertisement
Ethereum Price Prediction 2026: Glamsterdam Upgrade Could Kickstart ETH’s Next Bull Market
By: Alejandro Arrieche
Published: Aug 18, 2026, 16:40 GMT+00:00
Live PriceEthereum
Key Points:
- Ethereum hit our target for 2026 recently and has bounced off this demand zone in the past few weeks.
- The Glamsterdam upgrade could be the positive catalyst that Ethereum needs to keep rallying.
- A break above $2,000 could mark the beginning of ETH’s next bull market, as it did the last two times after a buy signal popped up in the weekly chart.
- +1.52%Ethereum Forecast
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
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.
This should have a positive impact on institutional adoption and further strengthen the blockchain’s credibility
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.
About the Author
Alejandro ArriecheSenior Cryptocurrencies Analyst
Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.
Latest news and analysis
Alejandro ArriecheTue, 18 Aug 2026 16:34:14 GMT
Sui Price Prediction: 15% Drop Likely Despite Partnership with Tether
James HyerczykTue, 18 Aug 2026 16:33:05 GMT
Nasdaq Index: Rising Bond Yields Threaten Nasdaq Uptrend as Memory Stocks Sink
US30/USD-0.13%HD+0.64%TECH100/USD-1.42%
Lucas DowneyTue, 18 Aug 2026 16:09:10 GMT
“The Odyssey” Demand Drives IMAX Shares Higher
IMAX-2.03%
Lucas DowneyTue, 18 Aug 2026 16:03:33 GMT
Dell Near All-Time Highs on Record Revenue, AI Demand
Christopher LewisTue, 18 Aug 2026 15:44:57 GMT
Market Forecast – Rising 10-Year Yields Hit Pound as XLE and Corn Rally
CORN-0.15%GBP/USD-0.05%XLE+1.35%
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Source: www.fxempire.com