Ethereum (ETH) is scheduled to activate the Glamsterdam upgrade on the Hoodi testnet on October 26, 2026, at 17:42:48 UTC, with a planned 200 million gas limit. The Ethereum price is 2,335.09 USD as of October 16, 2026, down 3.45 percent compared with the UTC daily close of October 15, 2026, while the cryptocurrency ranks second by market capitalization at 289.00 billion USD
Hoodi’s 200 million gas limit is scheduled
The Ethereum Foundation announced on October 16, 2026, that Glamsterdam will activate on Hoodi at epoch 132,352 and slot 4,235,264. The 200 million gas limit is a target for computational work in each block, rather than a direct change to the live Ethereum network. The announcement covers Hoodi, a test network used to evaluate protocol changes before deployment on a production network, according to the Ethereum Foundation.
Glamsterdam combines changes to Ethereum’s execution and consensus layers. Its main components include enshrined proposer-builder separation, which moves block-building coordination into protocol rules, and block-level access lists, which record the accounts and storage touched by a block. The Foundation said Hoodi node operators must update both execution and consensus clients before October 26, 2026, while the scheduled activation applies to the testnet.
October 16 ETF flows total 69.7 million USD
U.S. spot Ether ETFs, funds that hold ETH directly, recorded a net outflow of 69.7 million USD on October 16, 2026. Farside Investors reported that the entire daily outflow came from ETHA, while the other listed funds recorded zero net flow in the displayed data ETF flows measure creations and redemptions in the funds and do not represent every purchase or sale of ETH
The ETF figure and the Hoodi schedule describe separate parts of the Ethereum market. The testnet’s 200 million gas limit is not a capacity change for the live chain, while the 69.7 million USD flow figure covers one U.S. fund session dated October 16, 2026. These distinctions matter when comparing protocol testing with market liquidity.
Ethereum price data on October 16, 2026
The Ethereum price stands at 2,335.09 USD as of October 16, 2026, down 3.45 percent compared with the UTC daily close of October 15, 2026. According to Investing.com, the daily high is 2,429.82 USD and the daily low (UTC day) is 2,334.78 USD; market capitalization is 289.00 billion USD at rank 2, 24-hour volume is 6.93 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): 2,335.09 USD
- Change vs. UTC daily close of October 15, 2026: -3.45 percent
- Daily high / daily low (UTC day): 2,429.82 USD / 2,334.78 USD
- Market capitalization: 289.00 billion USD (rank 2)
- 24-hour volume: 6.93 billion USD
- Circulating supply: 122.15 million ETH
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