Ethereum Price Prediction: ETH Tests $2,800 as ETF Outflows Rise

Ethereum price prediction remains focused on whether ETH can reclaim $2,700 and secure a daily close above the $2,775–$2,800 resistance zone. ETH closed near $2,687 on October 4 after briefly reaching $2,765, leaving the market at a key technical decision point. A sustained breakout above $2,800 could target $2,900, $3,000 and potentially $3,050. Failure to hold $2,700 may expose support around $2,600–$2,650, while the broader support zone remains near $2,400–$2,500. A break below $2,560 would weaken the short-term bullish setup. Ethereum price prediction is also being shaped by mixed momentum indicators and weaker institutional demand. Monthly RSI at 51.53 shows moderate improving momentum, but MACD remains negative without a confirmed bullish crossover. US spot Ethereum ETFs recorded three consecutive sessions of net outflows through October 2: $59.6 million on September 30, $55.4 million on October 1 and $17.3 million on October 2. This followed about $118 million in outflows from September 28 to October 2, after roughly $689.8 million of inflows in the previous week. Earlier, BlackRock-linked funds bought about $1.57 billion worth of ETH over 20 days, highlighting the mixed institutional picture. The Glamsterdam upgrade is scheduled to activate on the Sepolia testnet on October 6. It targets Layer-1 scaling, block construction and more efficient gas pricing, with mainnet activation expected later in the fourth quarter. The upgrade could support longer-term sentiment, but traders are likely to prioritise the $2,800 breakout, ETF flows and support near $2,560 when assessing Ethereum’s next major move.