Ether declines to $2,641.26 as macroeconomic headwinds counter upcoming Glamsterdam testnet upgrade

Ether dropped to settle near $2,641.26 on September 24 after touching an intraday low of $2,628.57, driven by macroeconomic pressure from rising U.S. Treasury yields and elevated oil prices. Earlier in the session, the token fell 3% toward $2,657 while testing support near its 200-week exponential moving average of $2,459. The pullback comes despite institutional support, with spot Ethereum exchange-traded funds posting four consecutive days of net inflows. Market participants are monitoring the scheduled October 6 Glamsterdam Sepolia testnet launch, which precedes an anticipated mainnet deployment targeted for late 2026.