Ethereum price holds near USD 2,050 as Glamsterdam testing pauses
Published on 11/12/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEthereum faces upgrade uncertainty
- Ethereum developers postponed the Glamsterdam hard fork on the Hoodi testnet after Chainsecurity identified smart-contract compatibility risks.
- Investing.com listed Ether at USD 2,049.66, with a market capitalization of USD 250.35 billion and 24-hour volume of USD 9.09 billion.
- US spot Ether ETF outflows fell to USD 1.32 million on November 10 from USD 184.51 million the previous day, but demand had not yet turned positive.
Ethereum price remains under pressure near the USD 2,000 area as a planned step in the Glamsterdam upgrade has been delayed. Investing.com listed Ether at USD 2,049.66 and marked the ETH/USD quote as real-time at 07:38:09 on the page read on November 12. The same page showed a market capitalization of USD 250.35 billion, 24-hour volume of USD 9.09 billion and a rank of two among tracked cryptocurrencies. The quoted 52-week range was USD 1,507.60 to USD 3,565.07.
Why Glamsterdam testing was paused
In a November 6 post, the Ethereum Foundation said Chainsecurity had found projects that could become vulnerable after Glamsterdam because they rely on invariants affected by EIP-8037 and EIP-8038. The proposals change how gas is charged for certain operations and for state. Ethereum's All Core Developers group therefore decided not to fork the Hoodi testnet until the issues are resolved.
The Foundation asked contract developers and auditors to check whether their applications depend on any of eight identified invariants. Its update said work on the later Hegota upgrade would continue in parallel. No replacement Hoodi activation date was given, so the delay leaves the timetable for Glamsterdam's further testing unresolved.
ETF selling has eased, not reversed
According to CryptoTicker, US spot Ether ETFs recorded a net outflow of USD 1.32 million on November 10, compared with USD 184.51 million on November 9. The smaller withdrawal ended neither the selling streak nor established a new inflow trend: the report said it was the fourth consecutive day of outflows and that no daily inflow had been recorded since November 5.
The report also cited USD 192 million in Ether long positions liquidated over 24 hours, based on CoinGlass data analyzed by crypto.news. Liquidations can intensify short-term moves when leveraged positions are automatically closed, but the figure does not by itself establish the cause of Ether's broader decline.
What investors should monitor
The immediate focus is whether the Hoodi review produces a revised specification or a new activation date, and whether spot Ether products return to net buying. A sustained recovery would require demand to improve alongside the technical upgrade outlook. Until then, the combination of delayed testing, recent ETF withdrawals and leveraged liquidations leaves the Ethereum price sensitive to new macroeconomic and crypto-market developments.
More coverage is available on the Ethereum topic page.
