The Glamsterdam upgrade alone is insufficient to reverse Ethereum's three consecutive quarters of losses without renewed capital rotation

"The Glamsterdam upgrade targeting the second half of 2026 promises to raise the gas limit from 60 million to 200 million per block, but recovery needs the kind of capital rotation that spot volumes have not yet confirmed. Three straight quarters of negative returns eroded confidence that the Glamsterdam upgrade alone can reverse, especially with ETF outflows reaching 17 consecutive sessions."