Ethereum Faces Pressure Near $2,500 Ahead of October 15 Core Devs Upgrade Meeting

Ethereum traded under pressure near the $2,500 level ahead of an All Core Devs Consensus call scheduled for October 15. The price action coincides with institutional and on-chain headwinds, including ten straight days of spot ETF outflows totaling over $720.19 million in October and a 360,000 ETH rise in exchange reserves to 11.90 million ETH over two weeks. During the upcoming meeting, developers plan to discuss the Glamsterdam upgrade targeted for Q4 2026 devnet testing and the Hegota upgrade eyed for Q2 2027.