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ETH Breaks $1,857: Glamsterdam Delayed, DeFi Hacks Block Banks | Jun 3
Audio is available on Spreaker — see link below.
Ethereum crashes to its lowest open since February as the $1,900 support level collapses after seven consecutive down days. The Glamsterdam upgrade slips to Q3, DeFi hack frequency blocks institutional entry, and the SEC makes crypto rulemaking its top priority.
Audio is available on Spreaker — see link below.
Ethereum opened June third at one thousand eight hundred fifty-seven dollars. That's a seven point three percent single-day drop, and the lowest open price since late February.
One reason this price drop matters more than a typical correction is the removal of a near-term catalyst. The Glamsterdam hard fork, which targets ten thousand transactions per second and a seventy-eight percent reduction in fees, has slipped from June to Q3 twenty twenty-six.
Price and protocol upgrades aside, the deeper structural problem is security. April twenty twenty-six was the worst month for DeFi breaches in four years.
On the institutional flow side, spot Ethereum ETFs are seeing sustained outflows alongside Bitcoin. That's contributing direct downward pressure on price.
On the regulatory side, the SEC has formally listed crypto rulemaking as its first priority in its updated regulatory agenda. That's a meaningful shift in posture from guidance-only mode to explicit rulemaking.
The real watchpoints from here are tight. One thousand eight hundred fifty-seven held as the open.
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