Ethereum, XCCRYPTOETH3

Ethereum tests 200 million gas limit: What it means for the Ethereum price

Published on 10/21/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Hoodi is scheduled for October 26, 2026. The Ethereum price stands at 2,439.13 USD as of October 16, 2026, up 1.87 percent.

Upgrade and fund flows

  • Ethereum's Sepolia test on October 6, 2026 used a 200 million gas limit.
  • On October 12, 2026, U.S. spot Ether ETFs recorded 85.4 million USD in net withdrawals.
  • The Ethereum price stands at 2,439.13 USD as of October 16, 2026, 1.87 percent above the UTC daily close of October 15, 2026.
  • Hoodi's next test activation is scheduled for October 26, 2026.
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Ethereum (ETH) tested a 200 million gas limit on the Sepolia testnet on October 6, 2026. The 247WallSt report said the next Hoodi testnet activation is scheduled for October 26, 2026, while the Ethereum price stands at 2,439.13 USD as of October 16, 2026, up 1.87 percent compared with the UTC daily close of October 15, 2026.

Ethereum tests a 200 million gas limit

The Sepolia test is part of Glamsterdam, an upgrade package that includes changes to block construction and transaction processing. A gas limit is the maximum amount of computational work that can be included in a block. The 200 million limit is more than three times the roughly 60 million limit described for Ethereum's main network by 247WallSt.

The October 26, 2026 Hoodi test is a practice-network event rather than a change to the live Ethereum network. The report said Glamsterdam includes proposer-builder separation through EIP-7732 and block-level access lists through EIP-7928. These changes are designed to move parts of block construction into Ethereum's protocol and make transaction validation more suitable for parallel processing.

Ether funds record 85.4 million USD outflow

U.S. spot Ether ETFs recorded 85.4 million USD in net withdrawals on October 12, 2026, according to Crypto.news, citing Farside Investors data. The report said the weekly total from October 12 through October 16, 2026 reached 320.1 million USD, with BlackRock's ETHA accounting for nearly 299 million USD of the withdrawals.

ETF flow figures measure creations and redemptions of fund shares, not every purchase or sale of ETH in the spot market. CoinDoo reported that the October 12 through October 16, 2026 outflow followed 542.2 million USD of withdrawals in the previous week.

Ethereum price trades above 2,400 USD

According to Investing.com, the Ethereum price is 2,439.13 USD as of October 16, 2026. That is 1.87 percent above the UTC daily close of October 15, 2026. The daily high is 2,477.00 USD and the daily low is 2,375.26 USD. Market capitalization is 297.09 billion USD, ranking Ethereum second, while 24-hour volume is 10.13 billion USD and circulating supply is 122.15 million ETH.

Ethereum by the numbers on October 16, 2026

  • Cryptocurrency: Ethereum
  • Ticker: ETH
  • Price (as of October 16, 2026): 2,439.13 USD
  • Change vs. UTC daily close of October 15, 2026: +1.87 percent
  • Daily high / daily low (UTC day): 2,477.00 USD / 2,375.26 USD
  • Market capitalization: 297.09 billion USD (rank 2)
  • 24-hour volume: 10.13 billion USD
  • Circulating supply: 122.15 million ETH

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