Blast announced the shutdown of its Ethereum Layer-2 network, citing operating costs exceeding revenue and no credible path to sustainability, with an exit delay expected to be reduced to 24 hours during wind-down. ETH traded at $2,600, down more than 3% over 24 hours, falling below the $2,700 near-term support level. The cryptocurrency market capitalization stands near $3.02 trillion, with softer yields and a weaker dollar cited as supporting factors. Glamsterdam’s first public test on Sepolia began on October 6, with a Hoodi test tentatively scheduled for October 27 and no mainnet date set. Key levels to watch are the $2,612-$2,634 support band and the $2,800 resistance zone.
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