--- title: "Ethereum Price Forms a Rare Bullish Pattern Ahead of Glamsterdam Upgrade" type: "News" locale: "en" url: "https://longbridge.com/en/news/297408116.md" description: "Ethereum has formed a rare bullish flag pattern and a golden cross, signaling potential gains toward $3,000. This technical outlook is supported by strong fundamentals, including $1.76 billion in ETF inflows this month and a staking ratio of 35.2%. Additionally, the upcoming Glamsterdam upgrade, scheduled for Q4, introduces ePBS and BAL to enhance protocol efficiency. Exchange supply remains at multi-month lows, further bolstering bullish sentiment ahead of these catalysts." datetime: "2026-08-29T17:50:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297408116.md) - [en](https://longbridge.com/en/news/297408116.md) - [zh-HK](https://longbridge.com/zh-HK/news/297408116.md) generator: "portal-rs" --- # Ethereum Price Forms a Rare Bullish Pattern Ahead of Glamsterdam Upgrade **Ethereum** (CRYPTO: ETH) has stalled over the past few days as its recent rally lost steam. Even so, the coin has slowly formed a bullish flag pattern, a setup technicians often watch for trend continuation, while ETF inflows jump and the Glamsterdam upgrade nears. ## ETH Price Has Some Notable Catalysts  ETH token has some notable catalysts that may push it to $3,000 in the coming weeks or months. One of them is that investors have continued accumulating the token, with ETFs experiencing inflows in the last ten consecutive days. They have now added $1.76 billion in inflows this month, the best monthly performance since August last year, when they added $3.4 billion. In total, these funds now have over $12.9 billion in cumulative inflows, bringing the total net assets to over $15 billion. These ETF inflows have coincided with the rising Ethereum staking. The staking ratio has jumped to 35.2%, with the total staked soaring to over 42.5 million. Stakers are earning a yield of about 2.6%.  **Read Also: Steve Jobs Paid Paul Rand $100,000 to Give NeXT Something Apple Already Had — The Legendary Designer Gave Him Just One Solution** These inflows, together with institutional purchases, have brought ETH supply in exchanges to its lowest level in months.  At the same time, Ethereum’s developers are working on the upcoming Glamsterdam upgrade. Glamsterdam will be the successor to Fusaka, which went live last year. Scheduled to go live in the fourth quarter of this year, the upgrade will introduce the enshrined proposer-builder separation (ePBS) and block-level access lists (BAL).  ePBS bakes proposer-builder separation directly into the protocol at the consensus layer, rather than relying on the current out-of-protocol arrangement, while BAL is the execution-layer counterpart, enabling safer parallel execution and in-protocol builder commitments and payments. ## Ethereum Price Has Technical Catalysts *ETH price chart | Source: TradingView* The daily chart shows a few technical developments worth watching. ETH has formed a bullish flag pattern, made up of a sharp vertical move followed by a horizontal consolidation channel. Price is now moving through that channel, which is forming right at a crucial resistance level, one that coincides with April’s high. The coin has also formed a golden cross pattern as the 50-day and 200-day weighted moving average have crossed each other. It also remains above the Supertrend indicator. Therefore, the token will likely have a bullish breakout, potentially to the psychological level of $3,000. **Read Also: An $800,000 Inheritance Has Torn This Family Apart—Even Though The Will Was Clear** *Image: Shutterstock* ### Related Stocks - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) ## Related News & Research - [Fidelity Ethereum Fund 3Q 2026: Net income $538.58M — 10-Q Summary](https://longbridge.com/en/news/304681608.md) - [Ethereum: J* upgrade targets completion of post-quantum and post-AI transition - Dec 2028](https://longbridge.com/en/news/304743067.md) - [Mercado Bitcoin suffered a nearly $40 million theft: Analysis of fund flows.](https://longbridge.com/en/news/304445773.md) - [iShares Ethereum Trust ETF 3Q 2026: Net income $3.38B — 10-Q Summary](https://longbridge.com/en/news/304688907.md) - [Bitcoin and Ethereum ETFs shed $1.8B – Why investors are pulling back](https://longbridge.com/en/news/304350355.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**