ETH slips slightly by 0.08% over the past hour: the Glamsterdam upgrade is delayed, and with BTC breaking below key levels, the market turns cautious

From 03:00 to 04:00 (UTC) on July 29, 2026, ETH saw a slight decline within the hour, with a Return % of -0.08%. The price range was 1906.9–1913.02 USDT, and the Ampl was 0.32%. Overall volatility remained limited; trading activity was light, and investors showed a strong wait-and-see sentiment.

The main driver behind this minor pullback is that the Ethereum Foundation has postponed the Glamsterdam upgrade to the third quarter of 2026. This directly weakened market expectations for ETH’s near-term technical progress, and ETH briefly fell below the $1,850 key support level. Meanwhile, a technical breakdown in Bitcoin reduced overall crypto market risk appetite, dragging ETH lower in tandem.

In addition, Lido’s validator consolidation plan (increasing validators’ effective balance from 32 ETH to 2,048 ETH) provides a positive narrative for improving network efficiency over the mid- to long term, but it has not yet translated into a clear short-term price catalyst. The withdrawal surge triggered by BitMart’s risk-control incident had limited impact, and market trading volume did not show any significant abnormality. A stronger USD combined with a weak equities backdrop further constrained ETH’s rebound potential. The current bids-to-sell-orders depth ratio is 2.93; bids are stronger, but overall Maker depth is relatively shallow. The sustainability of near-term support still needs to be monitored.

Currently, ETH is trading in a narrow range of $1,856–$1,930. ADX indicators across all timeframes are below 30, and the trend direction remains unclear. Key things to watch include follow-up announcements after the Glamsterdam upgrade, whether BTC can stabilize, and whether the 4-hour ADX can break above 30 to confirm the trend direction. Near-term volatility risk remains elevated; it’s recommended to set key support and resistance levels to monitor.