preferred on
Points of Focus
- ETH still holds above every MA except the Hull MA.
- The RSI and CCI both cool from stretched levels as ETH’s price keeps rising.
- The Ethereum Foundation detailed Glamsterdam’s gas repricing, the first since 2021’s Berlin fork.
Ether (ETH) trades at $2,466.58, up 1.01% on the day, holding above every moving average (MA) from the 10-day exponential moving average (EMA) at $2,331.68 to the 200-day simple moving average (SMA) at $2,014.17, with one exception.
The Hull MA at $2,512.65 is still ahead of spot, the same single gap seen for two consecutive days.
ETH RSI and CCI cool as momentum eases from overbought levels
What’s changed since then is the size of that gap. The price now sits $46.07, or 1.9%, below the Hull average, down from a 2.6% gap two sessions earlier. That’s a real, measurable improvement rather than a stall, and it means the Hull reclaim, the one level standing between the current chart and a fully aligned bullish stack, is closer than it was.
The relative strength index (RSI) eased to 76.13 from 80.13 two sessions ago, and the Commodity Channel Index (CCI) dropped to 99.39, just under the +100 threshold commonly associated with overbought conditions, down from 125.55.
Both readings remain elevated, but the direction matters as much as the level. Momentum cooling while price continues to rise is a healthier setup than momentum staying pinned at an extreme through the same move since a reading that’s already easing leaves more room to run before a forced pullback becomes more likely.
Momentum at 592.68 and moving average convergence/divergence (MACD) at 161.51 both show upward signals, confirming the broader trend hasn’t weakened even as the faster oscillators cool.
Stochastic RSI at 70.74 and Williams %R at negative 11.54 sit in similar territory, elevated but off their most stretched readings, telling the same story from different angles rather than adding a new signal.
Ethereum Foundation details Glamsterdam gas repricing plan
The fundamental backdrop got a specific update this week.
On Aug. 24, the Ethereum Foundation’s Protocol Research, EthPandaOps, and Specifications teams published details on two gas repricing proposals planned for the upcoming Glamsterdam upgrade, Ethereum Improvement Proposal (EIP) 8037 and EIP-8038, the first adjustment to the cost of creating and accessing state since 2021’s Berlin fork.
Heads-up for anyone maintaining L1 contracts:
→ The Glamsterdam upgrade will include gas repricings (EIP-8037, EIP-8038) that shift state creation and access costs.
→ Most contracts are unaffected, but a small set may break or degrade without updates. Affected contracts rely on…— Ethereum Foundation (@ethereumfndn) August 25, 2026
The stated purpose is explicit rather than speculative: Repricing these operations is described as a prerequisite for raising the gas limit further, with the new schedule derived from a performance target supporting roughly a 3x increase in base throughput.
The foundation’s testing replayed historical mainnet transactions under the proposed schedule and found that the vast majority of contracts were unaffected, with a small set relying on hardcoded gas assumptions that could break without updates ahead of activation.
Testing is currently confined to the Platåberget devnet, with no mainnet timeline set yet. This isn’t a near-term price catalyst on its own. It’s a dated, verifiable sign that core protocol development continues advancing underneath the current price action, worth naming as context rather than treating the rally as running on sentiment alone.
What ETH’s price needs to confirm the Hull reclaim
The setup right now has two threads pointing the same direction but hasn’t met yet. The price is closing the distance to its one remaining resistance level, and the indicators warning of exhaustion are cooling rather than intensifying as that happens.
A close above $2,512.65 would put every measure on the chart in alignment. Until then, that single average is the one number left to watch before the rest of the picture — MAs, momentum, and now a specific piece of protocol progress — gets to tell the same story.
Share
Most read articles
