Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately consolidate on mainnet? ETH traded at $2,600, experiencing a more than 3% pullback over 24 hours, putting it below the $2,700 near-term support.
Blast cited operating costs above revenue and no credible route to sustainability. During the wind-down, its exit delay is expected to fall to 24 hours. The announcement reinforces scrutiny of L2 economics.
Blast will be shutting down.
We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and…— Blast (@blast) October 2, 2026
Meanwhile, Glamsterdam’s first public test began on Sepolia on October 6, examining gas capacity, block construction, and parallel processing. A Hoodi test is tentatively expected on October 27, with no mainnet date set.
Glamsterdam just went live on Sepolia, bringing ePBS and block-level access lists one step closer to mainnet.
This Nethermind node is following it with no separate consensus client, using a beacon chain plugin we're still developing. pic.twitter.com/gmFla5pzDo— Nethermind (@Nethermind) October 6, 2026
With market capitalization near $3.02 trillion and softer yields and a weaker dollar cited as support, ETH’s next move hinges as much on price levels as on narrative. The question: can it reclaim resistance before those catalysts arrive?
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Ethereum Price Prediction: Can ETH Reclaim $2,800?
At $2,6000, ETH is below the $2,700 near-term support zone. That makes the earlier $2,775–$2,800 resistance band a less immediate target: buyers first need to stabilize the price and recover the broken support area. A sustained move above $2,800 would improve the breakout case, with $3,000 then a potential extension rather than a forecast.
Ethereum (ETH)24h7d30d1yAll time
The scenario is straightforward: if ETH regains $2,700 and then clears $2,800, the recovery structure could strengthen. If it remains below $2,700, the $2,612–$2,634 support band is already in focus; a break there would expose risk toward the major $2,400 support.
Glamsterdam test progress could improve the mainnet capacity narrative, but testnet milestones do not guarantee a delivery date or immediate fee demand. For a closer look at the upgrade’s scope, see the Glamsterdam gas-capacity test. Until ETH reclaims resistance, the setup remains cautious and range-driven.
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LiquidChain Targets Cross-Chain Liquidity as Ethereum Tests Key Levels
ETH’s drop below $2,700 puts the burden on bulls to reclaim support; a mainnet-first narrative alone will not do it. Blast’s closure also illustrates a less comfortable point: infrastructure needs durable economics, not just a technical thesis.
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