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.

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.

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)

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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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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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