Ethereum is getting tighter and tighter, and traders on Binance are glued to their screens. If you’re just looking at the price, you’ll miss the bigger story. What’s happening with $ETH now is all about timing, structure, and how the network’s evolving under the surface.

Right now, $ETH is hanging around $2,930, bumping into the top of a descending channel. Every time sellers try to push it down and fail, buyers get a little bolder. You can feel the tension. It’s like the price is loading a spring.

What’s pushing all this? The 2026 Glamsterdam Upgrade is set to change the game for Ethereum’s scalability. It’s not just a tweak. After the Fusaka upgrade, which already bumped block gas limits to 60 million, Glamsterdam aims to take Layer 1 capacity all the way to 200 million. That’s huge. It’s not just another headline — it’s a shift in how the network works.

There’s more under the hood, too. Proposer-Builder Separation and Block-Level Access Lists are coming in, which means Ethereum can scale up without losing what matters most: decentralization. That’s what the long-term crowd really cares about.

If you’re trading on Binance, here’s where eyes are locked:

$3,000 – that’s the breakout zone

$3,400 – where the new trend proves itself

$4,200 – the last big wall before $5,000

And the market’s already leaning bullish. Long positions make up 72% of ETH derivatives open interest. That’s not just noise. That’s traders getting ready.

If ETH grabs $3,000 and holds it with real momentum, a run towards $5,000 isn’t just possible — the chart says it makes sense.

So, don’t mistake this quiet stretch for indecision. Ethereum isn’t stalling. It’s gearing up for what could be a big move.