Hoodi delay is still trending｜ePBS is a security and efficiency experiment, not an immediate catalyst for ETH｜Stay disciplined around $2,360
I’m leaning cautious: the Hoodi delay is still trending on Binance Square today, but don’t interpret a “testnet delay” as a mainnet failure, or translate future scaling designs directly into spot buying of ETH. In its October 22 announcement, the Ethereum Foundation said that both the Hoodi activation originally scheduled for October 26 at 17:42:48 UTC and the plan to raise the gas limit to 200 million have been postponed, with a new date yet to be set. Core developers will continue investigating how EIP-8037 interacts with existing mainnet contracts. The announcement also made clear that the delay means withdrawing the configuration for a future upgrade—not rolling back Hoodi’s history—and no mainnet activation date has been announced.
This time, I’m paying closer attention to ePBS, which was part of the postponed proposal. The original Ethereum EIP-7732 remains in Last Call and under peer review: the design separates block proposal from execution-payload construction, allowing builders to submit a commitment first and reveal the payload afterward. This gives validators the additional responsibility of confirming that the payload is timely. The aim is to reduce reliance on trusted off-chain intermediaries and give validators time to verify execution, but the complexity also shifts to builders, validators, and related tools. This is a future protocol mechanism—not a new yield source that is already live today, and certainly not grounds to conclude that “ETH supply will immediately fall because of the delay.” After cross-checking the Foundation’s delay announcement against the EIP itself, I see no evidence sufficient to price this delay alone as either bullish or bearish.
The market has already shown more practical constraints: around the time of writing, Kraken ETH/USD was at approximately $2,366, below the daily open near $2,385; the rolling 24-hour low was around $2,350 and the high around $2,415. This weakness cannot be attributed solely to the Hoodi news. Farside’s October 23 ETH fund table shows about $3.6 million in FETH and about $800,000 in MSSE, but ETHV is still missing. The automatically calculated total of about $4.4 million is only a preliminary figure and cannot be called a final net inflow. Technical progress, fund flows, and the spot price are not currently confirming one another.
If I were trading this myself, I wouldn’t chase shorts or buy the dip right now; I’d stay flat and watch. I’d only consider a small, trend-following long after the price regains and holds above $2,385, then retests without breaking below it, and the missing fund data is filled in without showing significant outflows. I’d cap the position at 5% of total capital, with an initial target of $2,415; at the target, I’d take half off and protect the rest with a trailing stop. If the price falls below $2,350 after entry, I’d stop out and close the position. I’d also cancel the long setup immediately if a new official announcement confirmed that the testnet delay had expanded to affect mainnet expectations, or if complete fund data and the price both weakened. Conversely, if $2,350 breaks first, I’d only watch whether the next rebound gets rejected—I wouldn’t open a high-leverage short on the strength of a single bearish candle. My view would be invalidated by a sustained move back above $2,415 alongside confirmed strengthening fund flows.
#EthereumHoodiTestnetGlamsterdamHardForkDelayed #ETH
The above is solely my personal market observation and does not constitute investment advice.
I’m leaning cautious: the Hoodi delay is still trending on Binance Square today, but don’t interpret a “testnet delay” as a mainnet failure, or translate future scaling designs directly into spot buying of ETH. In its October 22 announcement, the Ethereum Foundation said that both the Hoodi activation originally scheduled for October 26 at 17:42:48 UTC and the plan to raise the gas limit to 200 million have been postponed, with a new date yet to be set. Core developers will continue investigating how EIP-8037 interacts with existing mainnet contracts. The announcement also made clear that the delay means withdrawing the configuration for a future upgrade—not rolling back Hoodi’s history—and no mainnet activation date has been announced.
This time, I’m paying closer attention to ePBS, which was part of the postponed proposal. The original Ethereum EIP-7732 remains in Last Call and under peer review: the design separates block proposal from execution-payload construction, allowing builders to submit a commitment first and reveal the payload afterward. This gives validators the additional responsibility of confirming that the payload is timely. The aim is to reduce reliance on trusted off-chain intermediaries and give validators time to verify execution, but the complexity also shifts to builders, validators, and related tools. This is a future protocol mechanism—not a new yield source that is already live today, and certainly not grounds to conclude that “ETH supply will immediately fall because of the delay.” After cross-checking the Foundation’s delay announcement against the EIP itself, I see no evidence sufficient to price this delay alone as either bullish or bearish.
The market has already shown more practical constraints: around the time of writing, Kraken ETH/USD was at approximately $2,366, below the daily open near $2,385; the rolling 24-hour low was around $2,350 and the high around $2,415. This weakness cannot be attributed solely to the Hoodi news. Farside’s October 23 ETH fund table shows about $3.6 million in FETH and about $800,000 in MSSE, but ETHV is still missing. The automatically calculated total of about $4.4 million is only a preliminary figure and cannot be called a final net inflow. Technical progress, fund flows, and the spot price are not currently confirming one another.
If I were trading this myself, I wouldn’t chase shorts or buy the dip right now; I’d stay flat and watch. I’d only consider a small, trend-following long after the price regains and holds above $2,385, then retests without breaking below it, and the missing fund data is filled in without showing significant outflows. I’d cap the position at 5% of total capital, with an initial target of $2,415; at the target, I’d take half off and protect the rest with a trailing stop. If the price falls below $2,350 after entry, I’d stop out and close the position. I’d also cancel the long setup immediately if a new official announcement confirmed that the testnet delay had expanded to affect mainnet expectations, or if complete fund data and the price both weakened. Conversely, if $2,350 breaks first, I’d only watch whether the next rebound gets rejected—I wouldn’t open a high-leverage short on the strength of a single bearish candle. My view would be invalidated by a sustained move back above $2,415 alongside confirmed strengthening fund flows.
#EthereumHoodiTestnetGlamsterdamHardForkDelayed #ETH
The above is solely my personal market observation and does not constitute investment advice.